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Financial and economic factors affecting the lignite prices in Turkey: An analysis of Soma and Can lignites |
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| Authors: | Mithat Uner Nezir Kose Soner Gokten Pinar Okan |
| Institution: | 1. Department of Business Administration, Faculty of Economics and Administrative Sciences, Gazi University, 06500 Besevler, Ankara, Turkey;2. Department of Econometrics, Faculty of Economics and Administrative Sciences, Gazi University, 06500 Besevler, Ankara, Turkey;3. Department of Accounting and Finance Education, Faculty of Commerce and Tourism Education, Gazi University, 06830 Golbasi, Ankara, Turkey |
| Abstract: | Using a simultaneous equation econometric model based on yearly data between 1997 and 2006 for the Aegean Lignite Enterprise this study examines factors that affect the lignite price in Turkey. The Aegean Lignite Enterprise produces and sells the lignite of Soma and Can and their data reflect the general Turkish situation. The results suggest that (1) lignite prices sold to the industry increase (decrease) depending on the decrease (increase) in the industrial production and (2) total electricity production and electricity price are the most important factors that potential investors and related persons have to take into consideration for the pricing of lignite in the thermal power plant market. |
| Keywords: | C33 E31 Q41 |
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