The DOI matches its Crossref record; 42 of the 42 references it cites were found in a registry or an index.
Oil price shocks and real GDP growth: empirical evidence for some OECD countries
Abstract
This study assesses empirically the effects of oil price shocks on the real economic activity of the main industrialized countries. Multivariate VAR analysis is carried out using both linear and non-linear models. The latter category includes three approaches employed in the literature, namely, the asymmetric, scaled and net specifications. Evidence of a non-linear impact of oil prices on real GDP is found. In particular, oil price increases are found to have an impact on GDP growth of a larger magnitude than that of oil price declines, with the latter being statistically insignificant in most cases. Among oil importing countries, oil price increases are found to have a negative impact on economic activity in all cases but Japan. Moreover, the effect of oil shocks on GDP growth differs between the two oil exporting countries in the sample, with the UK being negatively affected by an oil price increase and Norway benefiting from it.
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Cites
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Cited by
Variational Mode Decomposition
Dragomiretskiy, K., & Zosso, D. (2014) · IEEE Transactions on Signal Processing · doi:10.1109/tsp.2013.2288675 · Cited by 9,184
Crude oil and stock markets: Stability, instability, and bubbles
Miller, J. I., & Ratti, R. A. (2009) · Energy Economics · doi:10.1016/j.eneco.2009.01.009 · Cited by 658
Cologni, A., & Manera, M. (2008) · Energy Economics · doi:10.1016/j.eneco.2006.11.001 · Cited by 648
Oil shocks, policy uncertainty and stock market return
Kang, W., & Ratti, R. A. (2013) · Journal of International Financial Markets, Institutions and Money · doi:10.1016/j.intfin.2013.07.001 · Cited by 503
NONLINEARITIES AND THE MACROECONOMIC EFFECTS OF OIL PRICES
Hamilton, J. D. (2011) · Macroeconomic Dynamics · doi:10.1017/s1365100511000307 · Cited by 468
Metadata
- Authors
- Jiménez-Rodríguez *, R., & Sánchez, M.
- Venue
- Applied Economics
- Publisher
- Informa UK Limited
- Published
- 2005-02
- Volume
- 37
- Issue
- 2
- Pages
- 201-228
- ISSN
- 0003-6846 (ISSN-L)
- 1466-4283
- OpenAlex
- W3122460317
- Cited by
- 843
- References
- 42
- FWCI
- 53.31
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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