A stochastic process model for sustainable energy markets of advanced economies

Hasan DİNÇER; Serhat YUKSEL

Makale detayları

A stochastic process model for sustainable energy markets of advanced economies

Yazarlar:

Hasan DİNÇER | Serhat YUKSEL

Yayıncı:

Abdulkadir KESKİN

Ana Başlıklar:

Genel yönetim

Dergi:

Journal of Statistics and Applied Sciences 2020 Vol.1 Issue 2, pp.63-75

Belge Tipi:

Makale

Yayın Tarihi:

12/2020

Belge Dili:

İngilizce

Document ID (Org No.):

2000521931

Sıklık:

İki Yıllık

eISSN:

2718-0999

Özet:

 

This study aims to evaluate the sustainability in energy markets. For this purpose, oil price volatility is considered with respect to the stability in these markets. On the other side, stock market data and inflation rate are taken into account regarding the financial stability and sustainable macroeconomic performance. Additionally, a stochastic process model is proposed by using VAR analysis for G7 countries so that it is intended to examine this relationship for advanced economies. The findings reveal that the increase in oil prices in G7 countries has no significant effect on stock prices and inflation rate. Considering these results, it is determined that volatility in oil prices does not seriously threaten the financial markets and macroeconomic stability of these countries. This situation shows that G7 countries have a stable financial and economic structure. Therefore, it is understood that in a situation where oil prices increase excessively, these countries will not cause serious problems. These results will also guide the financial and macroeconomic policies that G7 countries will implement. For example, while aiming to control inflation in these countries, it would be appropriate to focus on variables other than oil prices. In addition to the issues mentioned, it is understood that factors other than oil price should be taken into consideration while aiming to increase the efficiency of financial markets.

Makale detayları

A stochastic process model for sustainable energy markets of advanced economies

Yazarlar: Hasan DİNÇER | Serhat YUKSEL

Yayıncı: Abdulkadir KESKİN

Ana Başlıklar: Genel yönetim

Dergi: Journal of Statistics and Applied Sciences 2020 Vol.1 Issue 2, pp.63-75

Belge Tipi: Makale

Yayın Tarihi: 12/2020

Belge Dili: İngilizce

Document ID (Org No.): 2000521931

Sıklık: İki Yıllık

eISSN: 2718-0999

Sayı

Yazarlar:

Hasan DİNÇER | Serhat YUKSEL

Yayıncı:

Abdulkadir KESKİN

Ana Başlıklar:

Genel yönetim

Dergi:

Journal of Statistics and Applied Sciences 2020 Vol.1 Issue 2, pp.63-75

Belge Tipi:

Makale

Yayın Tarihi:

12/2020

Belge Dili:

İngilizce

Document ID (Org No.):

2000521931

Sıklık:

İki Yıllık

eISSN:

2718-0999