Oil Price Shocks and GDP Growth: Do Energy Shares Amplify Causal Effects?
Bergmann P (2017) Working Papers in Economics and Management; 10-2017.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Diskussionspapier
| Veröffentlicht | Englisch
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Autor*in
Bergmann, Philip
Einrichtung
Abstract / Bemerkung
The paper estimates the effect of oil price
uctuations on GDP growth,
using linear and nonlinear VAR models with data from 12 countries. It
reports strong significance for the existence of non-linear moderator effects
caused by a decline in the oil-to-energy share, which weakens the causal
effect of oil prices on economic growth. A consideration of the relationship
of oil prices and GDP over 44 years confirms the exclusion of symmetry of
previous studies. Moreover, the paper indicates that the effect of negative
oil price movements is causal for more countries than has been suggested so
far.
Stichworte
IVAR;
oil price uctuation;
oil share;
asymmetry;
nonlinearity;
moderator
Erscheinungsjahr
2017
Serientitel
Working Papers in Economics and Management
Band
10-2017
Seite(n)
52
ISSN
2196-2723
Page URI
https://pub.uni-bielefeld.de/record/2916854
Zitieren
Bergmann P. Oil Price Shocks and GDP Growth: Do Energy Shares Amplify Causal Effects?. Working Papers in Economics and Management. Vol 10-2017. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2017.
Bergmann, P. (2017). Oil Price Shocks and GDP Growth: Do Energy Shares Amplify Causal Effects? (Working Papers in Economics and Management, 10-2017). Bielefeld: Bielefeld University, Department of Business Administration and Economics. doi:10.4119/unibi/2916854
Bergmann, Philip. 2017. Oil Price Shocks and GDP Growth: Do Energy Shares Amplify Causal Effects?. Vol. 10-2017. Working Papers in Economics and Management. Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Bergmann, P. (2017). Oil Price Shocks and GDP Growth: Do Energy Shares Amplify Causal Effects? Working Papers in Economics and Management, 10-2017, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Bergmann, P., 2017. Oil Price Shocks and GDP Growth: Do Energy Shares Amplify Causal Effects?, Working Papers in Economics and Management, no.10-2017, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
P. Bergmann, Oil Price Shocks and GDP Growth: Do Energy Shares Amplify Causal Effects?, Working Papers in Economics and Management, vol. 10-2017, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2017.
Bergmann, P.: Oil Price Shocks and GDP Growth: Do Energy Shares Amplify Causal Effects? Working Papers in Economics and Management, 10-2017. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2017).
Bergmann, Philip. Oil Price Shocks and GDP Growth: Do Energy Shares Amplify Causal Effects?. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2017. Working Papers in Economics and Management. 10-2017.
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2019-09-06T09:18:56Z
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