Tamakoshi, Go; Hamori, Shigeyuki - In: Journal of Reviews on Global Economics 1 (2012), pp. 41-46
In this paper, we examine the relationship among real oil prices, global economic activity, real value of the US dollar, and real interest rates during the period 1988:1 to 2011:12. We employ the Gregory and Hansen (1996) cointegration test with structural breaks to investigate the long-run...