Iklaga, Fred; Iklaga, Fred Ogli; Evbuomwan, Osaretin Paul - EcoMod Network - 2012
The distorting effects of oil price shocks on oil rich economies are also significant depending on the level of their vulnerability to external shocks. The paper assesses the impact of these shocks on macroeconomic variablesStructural VAR AnalysisThe results show that oil prices have...