Narayan, Paresh Kumar; Sharma, Susan; Poon, Wai Ching; … - In: Energy Economics 41 (2014) C, pp. 137-146
In this paper, we test whether oil price predicts economic growth for 28 developed and 17 developing countries. We use predictability tests that account for the key features of the data, namely, persistency, endogeneity, and heteroskedasticity. Our analysis considers a large number of countries,...
