This paper investigates the existence of a long-term relationship between oil prices and GDP in 12 European countries. To account for the fact that economic activity responds asymmetrically to oil price shocks, we propose an approach based on asymmetric cointegration. Our results show that, while st
β¦ LIBER β¦
95/06694 The effect of the downturn in oil prices on the relative efficiency of government expenditure in the GCC countries
- Publisher
- Elsevier Science
- Year
- 1995
- Weight
- 193 KB
- Volume
- 36
- Category
- Article
- ISSN
- 0140-6701
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