Mehrara, Mohsen; Sarem, Mehdi - In: OPEC Energy Review 33 (2009) 3-4, pp. 170-183
This paper examines the effects of oil price shocks on industrial production in three oil-exporting countries, namely Iran, Saudi Arabia and Indonesia using annual data for the period 1970-2005. First, the Gregory and Hansen cointegration technique, allowing for the presence of potential...