Oil prices and Kazakhstan’s real exchange rate: An ardl bound test approach

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dc.contributor.authorAğazade, Şeymur
dc.date.accessioned2021-02-19T21:20:52Z
dc.date.available2021-02-19T21:20:52Z
dc.date.issued2020
dc.departmentALKÜ
dc.description.abstractUsing different real exchange rate indexes and bound test approach, this paper investigates the effect of real oil prices on Kazakhstan’s real exchange rate. Results of long run ARDL approach show that increases in real oil prices causes appreciation of real effective exchange rate index which includes all trading partners of Kazakhstan or the countries outside of CIS, but causes depreciation in real effective exchange rate index which includes only CIS countries. Alongside this, ARDL error correction model shows that deviation from long run relationship is corrected in a shorter span of time when real effective exchange rate index which includes CIS countries is taken into account. The results indicate that in order to ensuring real exchange rate stability, it is important to maintain the development of other sectors together with rapid growing oil and gas sectors and to increase trade with oil rich neighbouring countries. © 2020, Ahmet Yesevi University. All rights reserved.
dc.identifier.endpage248en_US
dc.identifier.issn1301-0549
dc.identifier.scopusqualityQ3
dc.identifier.startpage217en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12868/739
dc.identifier.volume94en_US
dc.indekslendigikaynakScopus
dc.institutionauthorAğazade, S.
dc.language.isotr
dc.publisherAhmet Yesevi University
dc.relation.ispartofBilig
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectARDL approach
dc.subjectBound test
dc.subjectKazakhstan
dc.subjectOil prices
dc.subjectReal exchange rate
dc.titleOil prices and Kazakhstan’s real exchange rate: An ardl bound test approach
dc.title.alternativePetrol fiyatları ve Kazakistan reel döviz kuru: Ardl sınır testi yaklaşımı
dc.typeArticle

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