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Previous research has assessed the impact of policy uncertainty on a few macro variables. In this paper, we consider its impact on oil prices. Oil prices are usually determined in global markets by the law of demand and supply. Our concern in this paper is to determine which country's policy...
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This article revisits the question of whether crude oil prices have a positive effect on stock the prices of renewable energy firms. To examine this question carefully, we allow for the asymmetric effects of oil price changes in our modeling process, using the nonlinear autoregressive...
Persistent link: https://www.econbiz.de/10012009866
important driving forces behind asymmetry. Cross sectional analysis, using firm level data, shows that plant and equipment … expenditures, raw materials inventory holdings, and bankruptcy score increase the likelihood ratio index for asymmetry by more than …
Persistent link: https://www.econbiz.de/10010263225
This paper contributes to the large debate regarding the impact of oil price changes on U.S. GDP growth. Firstly, it replicates empirical findings of prominent studies and finds that the proposed oil price measures have a dissipating effect with recent data up to 2016Q4. Secondly, it re-examines...
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