Oil price shocks affect macroeconomic performance in both oil-importing and oil-exporting countries. The recent research on the oil-macroeconomy relationship in the oil-importing countries shows that oil price shocks have asymmetric effects on their economic growth; the adverse effects of higher...

Oil price shocks affect macroeconomic performance in both oil-importing and oil-exporting countries. The recent research on the oil-macroeconomy relationship in the oil-importing countries shows that oil price shocks have asymmetric effects on their economic growth; the adverse effects of higher...

We examine the impact of ownership structure, as measured by privatization, and regulation on economic growth in developing and transition economies. Using several econometric specifications, including fixed effects, and taking into account regional differences and time periods, we estimate a...