کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5063659 | 1476698 | 2017 | 11 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Dynamic relationship of oil price shocks and country risks
ترجمه فارسی عنوان
رابطه پویا شوک قیمت نفت و خطرات کشور
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
مهندسی انرژی
انرژی (عمومی)
چکیده انگلیسی
This study investigates the dynamic relationship between oil price shocks and country risks using a Structural VAR framework for a sample of both net oil-exporting and net oil-importing countries over the period January 1994-December 2014. The results reveal that country risk is significantly affected by oil price shocks, but the impacts are different. Unanticipated positive oil price shocks trigger a reduction (addition) in country risk for net oil-exporting country (net oil-importing countries). As to the responses of oil prices to country risk shock, evidence show that country risk shocks have a delayed significantly positive impacts on oil price for oil-exporting country. With respect to the effects of subcomponents of country risk, we find evidence that economic and political risk have a significant impact on supply-side shocks in net oil-exporting countries like Canada, while economic and political risk have a significant effect on supply-side shocks and oil specific demand shocks in net oil-importing countries like the US. These results are particularly important to policy makers and government.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Economics - Volume 66, August 2017, Pages 571-581
Journal: Energy Economics - Volume 66, August 2017, Pages 571-581
نویسندگان
Chi-Chuan Lee, Chien-Chiang Lee, Shao-Lin Ning,