Exploring the oil price and real GDP nex
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Arti Prasad; Paresh Kumar Narayan; Jashwini Narayan
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Article
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2007
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Elsevier Science
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English
β 162 KB
The goal of this paper is to examine the relationship between real GDP and oil prices using time series data for the period 1970-2005. Our main finding is that an increase in oil has a positive, albeit inelastic, impact on real GDP, inconsistent with the bulk of the literature. We argue that this is