Oil price shocks and GDP growth: Do energy shares amplify causal effects?

Bergmann P (2019)
Energy Economics 80: 1010-1040.

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Zeitschriftenaufsatz | Veröffentlicht | Englisch
Abstract / Bemerkung
The paper estimates the effect of oil price fluctuations on GDP growth, using linear and nonlinear VAR models with data from 12 countries. By using an IVAR approach, 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.
Erscheinungsjahr
Zeitschriftentitel
Energy Economics
Band
80
Seite(n)
1010-1040
ISSN
PUB-ID

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Bergmann P. Oil price shocks and GDP growth: Do energy shares amplify causal effects? Energy Economics. 2019;80:1010-1040.
Bergmann, P. (2019). Oil price shocks and GDP growth: Do energy shares amplify causal effects? Energy Economics, 80, 1010-1040. doi:10.1016/j.eneco.2019.01.031
Bergmann, P. (2019). Oil price shocks and GDP growth: Do energy shares amplify causal effects? Energy Economics 80, 1010-1040.
Bergmann, P., 2019. Oil price shocks and GDP growth: Do energy shares amplify causal effects? Energy Economics, 80, p 1010-1040.
P. Bergmann, “Oil price shocks and GDP growth: Do energy shares amplify causal effects?”, Energy Economics, vol. 80, 2019, pp. 1010-1040.
Bergmann, P.: Oil price shocks and GDP growth: Do energy shares amplify causal effects? Energy Economics. 80, 1010-1040 (2019).
Bergmann, Philip. “Oil price shocks and GDP growth: Do energy shares amplify causal effects?”. Energy Economics 80 (2019): 1010-1040.