Mork, Knut Anton; Olsen, Oystein; Mysen, Hans Terje - In: The Energy Journal Volume15 (1994) Number 4, pp. 19-36
The correlations between oil-price movements and GDP fluctuations are investigated for the United States, Canada, Japan, Germany (West), France, the United Kingdom, and Norway. The responses to price increases and decreases are allowed to be asymmetric. Bivariate correlations as well as partial...
