İstatistik ve Uygulamalı Bilimler Dergisi

İstatistik ve Uygulamalı Bilimler Dergisi

A stochastic process model for sustainable energy markets of advanced economies

Yazarlar: Hasan DİNÇER, Serhat YUKSEL

Cilt 1 , Sayı 2 , 2020 , Sayfalar 63 - 75

Konular:İşletme Finans

Anahtar Kelimeler:Oil Price Fluctuations,Financial Stability,Macroeconomic Sustainability

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.


ATIFLAR
Atıf Yapan Eserler
Henüz Atıf Yapılmamıştır

KAYNAK GÖSTER
BibTex
KOPYALA
@article{2020, title={A stochastic process model for sustainable energy markets of advanced economies}, volume={1}, number={63–75}, publisher={İstatistik ve Uygulamalı Bilimler Dergisi}, author={Hasan DİNÇER,Serhat YUKSEL}, year={2020} }
APA
KOPYALA
Hasan DİNÇER,Serhat YUKSEL. (2020). A stochastic process model for sustainable energy markets of advanced economies (Vol. 1). Vol. 1. İstatistik ve Uygulamalı Bilimler Dergisi.
MLA
KOPYALA
Hasan DİNÇER,Serhat YUKSEL. A Stochastic Process Model for Sustainable Energy Markets of Advanced Economies. no. 63–75, İstatistik ve Uygulamalı Bilimler Dergisi, 2020.