Economic impact of oil price shocks

The purpose of this paper was to economically analyze and examine the causal relationship between food import bill and certain economic indicators in Oman during the period 1980-2019. The vector error correction model was used to assess the dynamics of food import bill. The finding indicates that food import bill in Oman is positively influenced by the population growth rate, and the GDP per capita, while oil prices showed a negative impact on food import bill.

8p mynguyenha 21-07-2021 17 2   Download

The purpose of this paper was to empirically assess the impact of oil prices on ASEAN+3 inflation and economic growth. The framework that can be applied to linear dynamic panel data to achieve this goal is the First Difference-Generalized Moment Method (FD-GMM) estimator method. This study used panel data representing ASEAN+3 countries and annual data over the period 2011-2020. The findings of the study indicated that, over the period, increasing oil prices were associated with higher inflation, and higher economic growth in ASEAN+3.

9p mynguyenha 21-07-2021 19 1   Download

The crude oil price fluctuation investigation is to explore the impact of crude oil price shocks on the countries’ economic growth. The Vector Autoregressive Model (VAR) was applied and the variance decomposition is to analyze the impact of the GDP growth due to the shock of the crude oil price.

11p caygaocaolon11 18-04-2021 30 3   Download

This paper reviews the research on into the macroeconomic outcomes observed in practice, while section 6 focuses on obstacles researchers have had to overcome in empirical studies. Section 7 concludes.

19p angicungduoc9 04-01-2021 11 2   Download

Most of the studies regarding the effects of oil price shocks on financial markets have revolved around developed countries such as the United States and west European countries. These countries are not only large but, consequently, influential on the overall performance of financial institutions around the world. Turkey has always been considered a unique country not only because of its geographical location, but also its dynamically changing economic structure. Especially recently, significant amounts of foreign capital have been flowing into the Turkish financial sector.

12p 035522894 13-04-2020 55 4   Download