Upadhyaya, Kamal Prasad; Nag, Raja; Mixon, Franklin G. - In: International Journal of Financial Studies : open … 11 (2023) 4, pp. 1-10
aggregate output in the long run. Granger causality test results derived from a vector error correction model support … bidirectional causality between oil prices and aggregate output, indicating that a change in oil prices also affects aggregate … output in the short run. …