Oil Prices and Real Exchange Rates in Oil-Exporting Countries: A Bounds Testing Approach

We test the validity of the Dutch disease hypothesis by examining the relationship between real oil prices and real exchange rates in a sample of fourteen oil exporting countries. Autoregressive distributed lag (ARDL) bounds tests of cointegration support the existence of a stable relationship between real exchange rates and real oil prices in all countries, suggesting a strong support for the Dutch disease hypothesis.

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Year of publication:	2008-12-28
Authors:	Jahan-Parvar, Mohammad R. ; Mohammadi, Hassan
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Oil Prices \| Real Exchange Rates \| Dutch Disease \| Cointegration \| Autoregressive Distributed Lags

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	C32 - Time-Series Models ; F37 - International Finance Forecasting and Simulation ; C52 - Model Evaluation and Testing ; F31 - Foreign Exchange
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005790126