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Number of cited
Abstract

In this paper, the effects of international oil prices on employment have been investigated in Turkey as a net oil importer developing country. Considering the potential asymmetric effects of oil prices on employment, the study focuses on the industrial employment, where the intensity of oil use is relatively high, and therefore the effects of oil prices are expected to be felt more intensely. In the analysis, covering the period of January 2005 - November 2020 and utilizing the NARDL approach, it has been found that the effects of oil prices on industrial employment are asymmetric in Turkey. Reaching the findings which suggest the decreases in oil prices as well as increases affect industrial employment negatively, the oil price uncertainty channel has been put forward as the source of asymmetry.

  • Kapsamı

    Uluslararası

  • Type

    Hakemli

  • Index info

    WOS.ESCI

  • Language

    Turkish

  • Article Type

    None

  • Keywords

    Oil Prices Employment Asymmetry