Time-varying effects and structural change of oil price shocks on industrial output: Evidence from China's oil industrial chain

2020 ◽  
Author(s):  
Jin-Yu Chen ◽  
Xue-Hong Zhu ◽  
Mei-Rui Zhong
Keyword(s):  
Structural Change ◽  
Oil Price ◽  
Time Varying ◽  
Oil Price Shocks ◽  
Industrial Output ◽  
Price Shocks ◽  
Industrial Chain

scholarly journals Oil price change and Economy relationship :A global review using a nonlinear dynamic model for MENA Countries

2020 ◽  
Vol 24 (2) ◽  
Author(s):  
Essahbi Essaadi ◽  
Rafik Jbir
Keyword(s):  
Price Change ◽  
Oil Prices ◽  
Structural Var ◽  
Oil Price ◽  
Time Varying ◽  
Oil Price Shocks ◽  
Nonlinear Dynamic Model ◽  
Price Shocks ◽  
Mena Countries ◽  
Macroeconomic Effects

This paper studies the macroeconomic effects of oil price shocks in a selection of MENA countries. The oil price shock is identified by assuming that an individual country's performance does not affect world oil prices. We put particular emphasis on the time-varying relationship between oil prices and macroeconomic variables and implement their approach in a Time-Varying Structural VAR model (TV-SVAR) framework. The main findings are that the macroeconomic effects of oil price shocks have evolved over time in MENA countries. Interestingly, however, we do not find a lot of heterogeneity among the MENA countries they consider, even though their list includes both net oil exporters (Algeria, Bahrain, Iran, Kuwait, Saudia Arabia) and net oil importers (Turkey and Tunisia) 

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