کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
996869 936316 2006 6 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The impact of oil prices on GDP in European countries: An empirical investigation based on asymmetric cointegration
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی مهندسی انرژی و فناوری های برق
پیش نمایش صفحه اول مقاله
The impact of oil prices on GDP in European countries: An empirical investigation based on asymmetric cointegration
چکیده انگلیسی

This paper investigates the existence of a long-term relationship between oil prices and GDP in 12 European countries. To account for the fact that economic activity responds asymmetrically to oil price shocks, we propose an approach based on asymmetric cointegration. Our results show that, while standard cointegration is rejected, there is evidence for asymmetric cointegration between oil prices and GDP in the majority of the considered European countries.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Policy - Volume 34, Issue 18, December 2006, Pages 3910–3915
نویسندگان
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