{"title":"新冠肺炎疫情对油价的影响:来自土耳其的证据","authors":"M. Kartal","doi":"10.46557/001C.18723","DOIUrl":null,"url":null,"abstract":"This study examines the reaction of local currency oil prices to the COVID-19 pandemic using Turkish daily data (July 25, 2019 to October 30, 2020). A multivariate adaptive regression splines model is employed that considers foreign exchange (USD-TRY), credit default swap spread, global uncertainty, and global volatility as control variables. The findings show that: (i) the volatility index influences oil prices most regardless of the sample size; and (ii) the COVID-19 pandemic affects the importance of effective variables on the local currency oil prices in Turkey.","PeriodicalId":13563,"journal":{"name":"Insurance & Financing in Health Economics eJournal","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2021-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"23","resultStr":"{\"title\":\"The Effect of the COVID-19 Pandemic on Oil Prices: Evidence From Turkey\",\"authors\":\"M. Kartal\",\"doi\":\"10.46557/001C.18723\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study examines the reaction of local currency oil prices to the COVID-19 pandemic using Turkish daily data (July 25, 2019 to October 30, 2020). A multivariate adaptive regression splines model is employed that considers foreign exchange (USD-TRY), credit default swap spread, global uncertainty, and global volatility as control variables. The findings show that: (i) the volatility index influences oil prices most regardless of the sample size; and (ii) the COVID-19 pandemic affects the importance of effective variables on the local currency oil prices in Turkey.\",\"PeriodicalId\":13563,\"journal\":{\"name\":\"Insurance & Financing in Health Economics eJournal\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2021-01-26\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"23\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Insurance & Financing in Health Economics eJournal\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.46557/001C.18723\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Insurance & Financing in Health Economics eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.46557/001C.18723","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The Effect of the COVID-19 Pandemic on Oil Prices: Evidence From Turkey
This study examines the reaction of local currency oil prices to the COVID-19 pandemic using Turkish daily data (July 25, 2019 to October 30, 2020). A multivariate adaptive regression splines model is employed that considers foreign exchange (USD-TRY), credit default swap spread, global uncertainty, and global volatility as control variables. The findings show that: (i) the volatility index influences oil prices most regardless of the sample size; and (ii) the COVID-19 pandemic affects the importance of effective variables on the local currency oil prices in Turkey.
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