Do the time-varying effects of oil prices affect the trade balances of ASEAN-5 countries?

Basit Öğe Kaydı
dc.authorscopusid57655985600
dc.authorscopusid36458196600
dc.authorscopusid55898411800
dc.contributor.authorAbu Eleyan, Mohammed, I
dc.contributor.authorCatik, Abdurrahman Nazif
dc.contributor.authorBalli, Esra
dc.date.accessioned2023-01-12T20:00:00Z
dc.date.available2023-01-12T20:00:00Z
dc.date.issued2022
dc.departmentN/A/Departmenten_US
dc.description.abstractThis study investigates the effects of oil price shocks on five Association of Southeast Asian Nations (ASEAN-5) trade balances by employing a time-varying parameter vector autoregression model with stochastic volatility (TVP-VAR). The time-varying responses derived from this model indicate that the impacts of oil price shocks vary significantly across economies due to their distinct characteristics in the oil market. The results also demonstrate the significant time-varying impact of economic activity and the real exchange rate on the trade balances of the five countries. The time-varying responses show that the effects of oil prices on trade balances are more pronounced during global and local economic events. Our findings have important policy implications for each country to avoid the risks associated with fluctuations in oil prices.en_US
dc.identifier.doi10.1080/15567249.2022.2053898
dc.identifier.issn1556-7249
dc.identifier.issn1556-7257
dc.identifier.issn1556-7249en_US
dc.identifier.issn1556-7257en_US
dc.identifier.scopus2-s2.0-85129142506en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://doi.org/10.1080/15567249.2022.2053898
dc.identifier.urihttps://hdl.handle.net/11454/77270
dc.identifier.wosWOS:000780994100001en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherTaylor & Francis Incen_US
dc.relation.ispartofEnergy Sources Part B-Economics Planning And Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectOil price shocksen_US
dc.subjecttrade balanceen_US
dc.subjectTVP-VARen_US
dc.subjectASEAN-5en_US
dc.subjectCurrent Accounten_US
dc.subjectVector Autoregressionsen_US
dc.subjectGlobal Imbalancesen_US
dc.subjectMonetary-Policyen_US
dc.subjectShocksen_US
dc.subjectDemanden_US
dc.subjectTermsen_US
dc.subjectModelen_US
dc.subjectFluctuationsen_US
dc.subjectMacroeconomyen_US
dc.titleDo the time-varying effects of oil prices affect the trade balances of ASEAN-5 countries?en_US
dc.typeArticleen_US

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