Oil prices and current account deficits: Analysis of causality in the USA

BİLDİRİCİ M. E., AYKAÇ ALP E., Bakirtas T.

Applied Econometrics and International Development, vol.10, no.1, pp.137-150, 2010 (Scopus) identifier

  • Publication Type: Article / Article
  • Volume: 10 Issue: 1
  • Publication Date: 2010
  • Journal Name: Applied Econometrics and International Development
  • Journal Indexes: Scopus
  • Page Numbers: pp.137-150
  • Keywords: Depression, Financial crisis, Granger causality, Oil prices, Threshold var
  • İstanbul Ticaret University Affiliated: Yes

Abstract

In this discussion, the theoretical structure of the great depression and the historical dimension of the crisis were taken into consideration and while we examine the depression within the framework of oil prices and financial crisis, we will use mortgage credit and current account deficits. Depression will be tested with TVAR and Granger Causality analysis.