Impact of Covid-19 outbreak on Turkish gasoline consumption

Bekir Oray Güngör*, H. Murat Ertuğrul, Ugur Soytas

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

This paper investigates the effects of Covid-19 outbreak on Turkish gasoline consumption by employing a unique data set of daily data covering the 2014-2020 period. Forecast performance of benchmark ARIMA models are evaluated for both before and after the outbreak. Even the best-fit model forecasts fail miserably after the Covid-19 outbreak. Adding volatility improves forecasts. Consumption volatility increases due to the outbreak. Policies targeting volatility can reduce adverse impacts of similar shocks on market participants, tax revenues, and vulnerable groups.
Original languageEnglish
JournalTechnological Forecasting and Social Change
Volume166
ISSN0040-1625
DOIs
Publication statusPublished - 2021

Keywords

  • Gasoline consumption
  • ARIMA models
  • ARCH family models

Fingerprint

Dive into the research topics of 'Impact of Covid-19 outbreak on Turkish gasoline consumption'. Together they form a unique fingerprint.

Cite this