AydIn, Levent; Acar, Mustafa - In: Energy Policy 39 (2011) 3, pp. 1722-1731
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...