ASYMMETRIC EFFECTS OF OIL PRICE SHOCKS ON ECONOMIC GROWTH: EVIDENCE FOR TÜRKİYE USING A NONLINEAR ARDL APPROACH
This study investigates the asymmetric effects of oil price shocks on economic growth in Türkiye using a nonlinear autoregressive distributed lag (NARDL) framework. Unlike linear models that impose symmetry in the transmission of oil price movements, the NARDL approach allows positive and negative changes in oil prices...