Recent spikes in oil prices have thrown light on how economic activity in emerging markets may be impacted by oil price … shocks. This paper conducts an empirical analysis of the effect of oil price shocks on emerging markets. It tests for the … existence of an asymmetrical relationship between oil prices and economic activity using a model developed by James Hamilton. It …

This paper empirically examines the impact of oil price levels and volatility on key macroeconomic indicators of … for their different macroeconomic impacts. The relationships between oil price levels, the two volatility measurements … when oil price levels is included in the VAR system. Another important result is that oil price levels has statistically …