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This paper seeks to explore the impact of oil price shocks, real industrial production and interest rate on stock prices for six oil exporting countries and five oil importing countries using nonlinear autoregressive distributed lags (NARDL)model using monthly data for the period 1993 :...
Persistent link: https://www.econbiz.de/10015213468
: what should contribute to development. Electricity, hydrocarbons and GDP are linked by cointegration equations in the short …
Persistent link: https://www.econbiz.de/10015258464
The two oil shocks of the 1970s reduced the GDP growth rate. Since that period, sudden oil price increases have been … increase. The GDP growth rate is indirectly affected by this foreign demand decrease. …
Persistent link: https://www.econbiz.de/10008539945
: what should contribute to development. Electricity, hydrocarbon and GDP are linked by cointegration equations in the short …
Persistent link: https://www.econbiz.de/10015258429
: what should contribute to development. Electricity, hydrocarbon and GDP are linked by cointegration equations in the short …
Persistent link: https://www.econbiz.de/10015258431
This paper examines the dynamics of volatility transmission among, the oil market, the U.S financial market and the financial markets of four oil producing countries (Venezuela, Indonesia, Russia and Kuwait). The study uses a trivariate GARCH model with BEKK parameterization. The findings show...
Persistent link: https://www.econbiz.de/10015260340
As a result of the sharp oil price during the late 1970's and early 1980's, Congo's exports(and Cameroon's ones to a lesser extent) became more concentrated on oil. One may say that a Dutch Disease occurred if we refer to the Congo's core export sector. However, this study shows that there is no...
Persistent link: https://www.econbiz.de/10005533234
studies seem to be reassuring. Actually, the link between oil prices and GDP growth estimated since the mid 80s is not as … potential explanation is the non-linear or asymmetric nature of the oil price - GDP link. Other explanations are the fact that …. Non-linear preferences generate oil price - GDP asymmetries that do not in the expected direction, and introducing …
Persistent link: https://www.econbiz.de/10008539951
The goal of this paper is to gauge the impact of the expected oil price increase on the potential output growth of the French economy in the long run. This potential output exercise is conducted using CES (Constant Elasticity of Substitution) production functions featuring three factors:...
Persistent link: https://www.econbiz.de/10008539997
Persistent link: https://www.econbiz.de/10008532438