We examine whether volatility spillover between US equity and commodity markets has significantly changed with the heavy influx of index traders in commodity derivatives markets, which is a phenomenon referred to as financialization. Previous findings show that institutional traders enter...

There is increased interest in the dynamic relationships between the stock prices of clean energy and technology firms and oil prices in the literature. Existing works suggest a time-dependent link between them, but there is a gap of knowledge regarding the drivers of this time-dependent...

The purpose of this study is to uncover the impacts of macroeconomic risks on oil price uncertainty. We consider three sub-periods, the 2008 global financial crisis, post-global financial crisis, and COVID-19 crisis. A quantile regression model is employed to investigate the related impacts...

This paper investigates the effects of COVID-19 outbreak on Turkish gasoline market by employing daily gasoline consumption data covering 2014-2020 periods. The forecast performance of benchmark ARIMA models are evaluated for both before and after the outbreak. The best fit model forecasts fail...

Growing concerns about long-run equilibrium in the oil market have focused on understanding the time path of oil consumption across countries. This study examines the convergence of oil consumption across the largest oil consumers. To this end, we employ the historical oil consumption data...

With international commitments to reduce CO2 emissions by 50-70% by 2030 and 100% by 2050-2070, the search for cost-efficient tools continues. CO2 taxes are theoretically efficient and simple, but they face public resistance. Renewable energy sources like wind power can substitute CO2 taxes, but...

This paper investigates the long run relationship between entry and exit using aggregate annual data from the Turkish manufacturing industry for the period 1968-2001. The time series properties of the data imply that simple OLS regressions may yield spurious results. We employ both bivariate and...

This study examines the co-movements and information transmission among the spot prices of four precious metals (gold, silver, platinum, and palladium), oil price, and the US dollar/euro exchange rate. We find evidence of a weak long-run equilibrium relationship but strong feedbacks in the short...

We examine the long- and short-run transmissions of information between the world oil price, Turkish interest rate, Turkish lira-US dollar exchange rate, and domestic spot gold and silver price. We find that the world oil price has no predictive power of the precious metal prices, the interest...