Theoretical and Applied Economics
No. 3 / 2019 (620), Autumn
The effect of oil prices on foreign trade deficit in the economics of Bulgaria
Agri Ibrahim Cecen University, Turkey
Abstract. Oil takes up a significant place in global energy consumption and oil prices are notable indicators of countries’ economic performances. As a matter of course, the bigger and longerlasting the increase in oil prices, the bigger effect it has on macroeconomic variables. The present study investigates the relationship between changing oil prices and foreign trade of Bulgaria using annual data between the years 1982-2017 by means of Fourier ADF and Fourier KPSS unit root tests and Arai-Kurozumi co-integration test with a structural break. Presence of co-integration between series was concluded.
Keywords: oil prices, foreign trade deficit, Bulgaria, structural break tests, Fourier ADF.
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Contents
- The main factors of economic growth in the European Union
Amalia CRISTESCU
Gabriela TÎLVĂR
- Currency risk management model
Constantin ANGHELACHE
Mădălina Gabriela ANGHEL
Dana Luiza GRIGORESCU
- Assessing the performance of Pillar II in Romania – time
weighted versus money weighted rate of return
Bogdan Andrei DUMITRESCU
Andreea Elena DRAGHIA
- Does democracy increase total tax revenues?
The case of selected OECD countries
Günay ÖZCAN
İbrahim ÖZMEN
- An evaluation of the turnover tax system in South Africa
Danie SCHUTTE
Danelle LABUSCHAGNE
Maria-Andrada GEORGESCU
Cornelia POP
- Sensitivity of bankruptcy prediction models
to the change in econometric methods
Bhanu Pratap SINGH
Alok Kumar MISHRA
- Risk management associated
with the interbank relationships
Cristian ANGHEL
- Challenging the status quo:
Steel producer case study on the enterprise value for M&A
Mădălina Viorica MANU
Ilie VASILE
- International Financial Markets
face to face with Artificial Intelligence and Digital Era
Narcisa Roxana MOȘTEANU
- A behavioral model of failure in business
Cristina Mariana ENE (VASILE)
Cosmin VIZINIUC
Alexandru TAŞNADI
- Relationship between mortality and financial crisis.
The case of Greece
Dimitrios DAPONTAS
- Profit management in the case of financial distress
and global volatile market behaviour:
Evidence from Borsa Istanbul Stock Exchange
Tuğba KAYHAN
Temur KAYHAN
Engin YARBAŞI
- Insurance consumption in the Maghreb countries
(Algeria, Morocco and Tunisia):
Financial and institutional determinants
Dalila BENZIANE
Qasim SHAH
- Non-linear finance-growth nexus for African countries:
A panel smooth transition regression approach
Mustapha JOBARTEH
Huseyin KAYA
