Lee, Junhee; Song, Joonhyuk - In: Global Economic Review 41 (2012) 1, pp. 77-95
The world oil price has risen significantly since the late 1990s and reached a record high in 2008. The recent oil price hike raises concerns regarding the possible negative effects of the rising oil price on the economy as in the 1970s. We investigate the effects of the oil price hike on the...