OECD Total Growth Rate And World Bank Commodity Price Indexes Relationship: Causality Analysis

Özet

In accordance with the growing interaction between today’s economies, the importance of the commodity markets for the operation of the world economy has increased day by day. For that reason, commodity prices affect various macroeconomic variables and become a substantial instrument, especially for OECD countries, in recent years. In this study, the relationship between the gross growth rate of OECD countries and World Bank commodity price indexes is investigated by using Granger causality test. The results of the analysis show a bilateral relation between the growth rate and iENERGY,…

Özetin tamamı ve makalenin metni yayıncıda.