TY  - GEN
AB  - 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.
DA  - 2017
DO  - 10.4119/unibi/2916854
KW  - IVAR
KW  - oil price  uctuation
KW  - oil share
KW  - asymmetry
KW  - nonlinearity
KW  - moderator
LA  - eng
PY  - 2017
SN  - 2196-2723
SP  - 52-
TI  - Oil Price Shocks and GDP Growth: Do Energy Shares Amplify Causal Effects?
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29168544
Y2  - 2024-11-22T03:29:05
ER  -