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• W2072334539 abstract "As a small open economy, Turkey depends on both imported oil and natural gas, importing almost two-thirds of its primary energy demand. This paper analyzes the economic effects of oil price shocks for Turkey as a small, open oil- and gas-importing country. To analyze the potential long-term effects of oil price shocks on macroeconomic variables of interest, including GDP, consumer price inflation, indirect tax revenues, trade balance, and carbon emissions, we developed TurGEM-D, a dynamic multisectoral general equilibrium model for the Turkish economy. Using TurGEM-D, we analyzed the impact of oil price shocks under three distinct scenarios: reference, high and low oil prices. The simulation results show that these oil prices have very significant effects on macro indicators and carbon emissions in the Turkish economy." @default.
• W2072334539 created "2016-06-24" @default.
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• W2072334539 date "2011-03-01" @default.
• W2072334539 modified "2023-10-17" @default.
• W2072334539 title "Economic impact of oil price shocks on the Turkish economy in the coming decades: A dynamic CGE analysis" @default.
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• W2072334539 doi "https://doi.org/10.1016/j.enpol.2010.12.051" @default.
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