Jbir, Rafik; Zouari-Ghorbel, Sonia - In: Energy Policy 37 (2009) 3, pp. 1041-1051
The objective of this paper is to study the oil prices-macroeconomy relationship by the analysis of the role of subsidy policy. The vector autoregression (VAR) method was employed to analyze the data over the period 1993 Q1 2007 Q3. The results of the model using both linear and non-linear...