Lee, Kiseok; Kang, Wensheng; Ratti, Ronald A. - Volkswirtschaftliche Fakultät, … - 2010
price shocks are not statistically significant. There is evidence that for the short-term effects of the interaction … reduce the link between sales growth and investment in the presence of oil price shocks as in Bloom et al. (2007). …. For the long-term effects, however, the magnitude of the oil price shock does matter. Over a longer horizon, oil price …