Balcilar, Mehmet; Eyden, Reneé van; Uwilingiye, Josine; … - Department of Economics, Faculty of Economic and … - 2014
phases of a business cycle. Oil price shocks have been amongst those economic variables that have been identified in … theoretical and empirical literature to predict the phases of business cycles. However, the role of oil price shocks to determine … business cycle fluctuations has received less attention in emerging and developing economies. The aim of this study is to …