Impact of Oil Price Increases on U.S. Economic Growth: Causality Analysis and Study of the Weakening Effects on the Relationship

Impact of Oil Price Increases on U.S. Economic Growth: Causality Analysis and Study of the Weakening Effects on the Relationship

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The two oil shocks of the 1970s reduced the GDP growth rate, and since that period, sudden oil price increases have been considered as a major source of economic slowdown in the world. We thus estimate simple linear regression model (SLRM), dynamic regression model (DRM) and VAR model to evaluate th...

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Bibliographic Details
Main Author: Sahbi FARHANI
Format: Article
Language:English
Published: EconJournals 2012-09-01
Series:International Journal of Energy Economics and Policy
Subjects:
oil shocks
gdp growth rate
slrm
drm
var model
breakpoints
asymmetrical effects.
Online Access:https://dergipark.org.tr/tr/pub/ijeeep/issue/31901/350675?publisher=http-www-cag-edu-tr-ilhan-ozturk

Internet

https://dergipark.org.tr/tr/pub/ijeeep/issue/31901/350675?publisher=http-www-cag-edu-tr-ilhan-ozturk

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