Apergis, Nicholas; Aslan, Alper; Aye, Goodness C.; … - Department of Economics, Faculty of Economic and … - 2014
This paper investigates the dynamic relationship between oil prices and growth across the U.S. States using a panel data framework. We use both annual and quarterly data spanning the periods 1973 to 2013 and 1948Q1 to 2013Q4, respectively. Following Hatemi-J (2012), we allow for the presence of...