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This paper examines the relationship among real GDP, CO2 emissions, and energy use in the six Gulf Cooperation Council …, Oman, and Qatar) the predominance of the "growth hypothesis" emerges, since energy use drives the real GDP. Moreover, only …
Persistent link: https://www.econbiz.de/10011559206
good for the domestic demand. Furthermore, when energy prices increase approximately 20 %, the quarterly GDP growth falls …
Persistent link: https://www.econbiz.de/10011307203
. Although neither of the two series (oil price and GDP growth rates) presents structural breaks in mean, we identify different … changes in oil prices and GDP growth when considering the full period. However, we find a significant relationship in some … framework. Finally, we obtain evidence, by means of a time-varying VAR, that the impact of the oil price shock on GDP growth has …
Persistent link: https://www.econbiz.de/10011755344
This paper analyses China's energy consumption and economic growth spillover effects on four world regions: (i) America (North and South); (ii) Europe and Central Asia; (iii) Asia Pacific; and (iv) Africa and the Middle East. An annual aggregated time series by world region, from 1970 to 2016, and...
Persistent link: https://www.econbiz.de/10013199571
This article contributes to the existing empirical literature by examining the spillovers across price inflation and agricultural commodity prices for the case of Nigeria. To achieve this objective, we employ the Diebold and Yilmaz (Int J Forecast 28(1):57-66, 2012) spillover index....
Persistent link: https://www.econbiz.de/10013288279
This study investigates the responses of consumer price index (CPI) to crude oil priceshocks in the pre- and post-2008 global financial crisis. The study used the StructuralVector Autoregressive model to analyse monthly data from 2000M01 to 2019M12.The impulse response analysis showed that for...
Persistent link: https://www.econbiz.de/10012604577
This paper investigates the link between oil price uncertainty shocks and key macroeconomic indicators of a net oil importing country, South Africa. Monthly data covering the period 1990:01 to 2015:12 is used. The Structural Vector Autoregressive (SVAR) methodology is applied incorporating...
Persistent link: https://www.econbiz.de/10012657455
This paper examines the degree of oil price pass-through to domestic prices at different stages of supply chain in Turkey. Our results, based on vector autoregressive models, point out that the pass-through to domestic motor fuel prices is considerably fast as expected and just one third of a...
Persistent link: https://www.econbiz.de/10012217425
When quantifying the importance of supply and demand for oil price fluctuations, a wide range of estimates have been reported. Models identified via a sharp upper bound on the short-run price elasticity of supply find supply shocks to be minor drivers. In turn, when replacing the upper bound...
Persistent link: https://www.econbiz.de/10014536946
linkage between economic growth and environmental protection. Thus, this study examines the effects of FDI inflow, GDP, trade …
Persistent link: https://www.econbiz.de/10014505626