Asymmetric Responses of Economic Growth to Daily Oil Price Changes: New Global Evidence From Mixed-Data Sampling Approach

2020 ◽  
Author(s):  
Aktham Issa Maghyereh ◽  
Osama Sweidan ◽  
Basel Awartani
Keyword(s):  
Economic Growth ◽  
Oil Price ◽  
Mixed Data ◽  
Data Sampling ◽  
Price Changes ◽  
Mixed Data Sampling ◽  
Asymmetric Responses ◽  
Sampling Approach ◽  
Global Evidence

Asymmetric Responses of Economic Growth to Daily Oil Price Changes: New Global Evidence from Mixed-data Sampling Approach

2020 ◽  
Vol 71 (2) ◽  
pp. 81-99
Author(s):  
Aktham Maghyereh ◽  
Osama Sweidan ◽  
Basel Awartani
Keyword(s):  
Economic Growth ◽  
Ordinary Least Squares ◽  
Oil Price ◽  
Mixed Data ◽  
Oil Price Shocks ◽  
Data Sampling ◽  
Price Shocks ◽  
Mixed Data Sampling ◽  
Negative Effect ◽  
Asymmetric Impact

AbstractOur paper inspects empirically the asymmetric impact of daily oil price shocks on the quarterly real domestic product in eight countries during the period (1983–2016). We employ two methodologies Ordinary Least Squares (OLS) and Asymmetric Mixed Data Sampling (AMIDAS). The OLS technique shows that the positive oil price shocks have a statistically significant negative effect on economic growth in all the countries and vice versa. In addition, it reveals that this relationship could be either symmetric or asymmetric in all the countries. On the contrary, the AMIDAS gives more important details and proves that all the relationships in our sample data are asymmetric. Thus, we think that the AMIDAS technique leads to more accurate results which enhances a better insightful of an energy policy. The policy implication of our paper demonstrates that the energy policies are significant procedures to improve economic performance.

Measuring the Information Content of the Beige Book: A Mixed Data Sampling Approach

2008 ◽  
Author(s):  
Michelle T. Armesto ◽  
Ruben Hernandez-Murillo ◽  
Michael Owyang ◽  
Jeremy M. Piger
Keyword(s):  
Information Content ◽  
Mixed Data ◽  
Data Sampling ◽  
Mixed Data Sampling ◽  
Sampling Approach

Measuring the Information Content of the Beige Book: A Mixed Data Sampling Approach

2009 ◽  
Vol 41 (1) ◽  
pp. 35-55 ◽  
Author(s):  
MICHELLE T. ARMESTO ◽  
RUBÉN HERNÁNDEZ-MURILLO ◽  
MICHAEL T. OWYANG ◽  
JEREMY PIGER
Keyword(s):  
Information Content ◽  
Mixed Data ◽  
Data Sampling ◽  
Mixed Data Sampling ◽  
Sampling Approach

scholarly journals Identifying Asymmetry in the Language of the Beige Book: A Mixed Data Sampling Approach

2007 ◽  
Author(s):  
Michelle T. Armesto ◽  
Ruben Hernandez-Murillo ◽  
Michael Owyang ◽  
Jeremy M. Piger
Keyword(s):  
Mixed Data ◽  
Data Sampling ◽  
Mixed Data Sampling ◽  
Sampling Approach

scholarly journals A mixed data sampling approach to the asymmetric impacts of world oil price on macroeconomic variables in Vietnam

2020 ◽  
Vol 22 (2) ◽  
pp. 311-324
Author(s):  
Trinh Thi Tuyet Pham ◽  
Nhan Phan Ai Le
Keyword(s):  
Positive Change ◽  
Output Growth ◽  
Oil Price ◽  
Mixed Data ◽  
Data Sampling ◽  
Frequency Data ◽  
Content Type ◽  
Macroeconomic Variables ◽  
Negative Change ◽  
Mixed Data Sampling

PurposeThis paper aims to analyse the asymmetric impacts of world oil price on macroeconomic variables in Vietnam, including domestic oil price, inflation and output growth.Design/methodology/approachThe mixed data sampling (MIDAS) approach is employed to examine the impact of world oil price changes on macroeconomic variables as the former is high-frequency data (daily), and the latter is low-frequency data, usually monthly or quarterly.FindingsChanges in world oil price cause asymmetric impacts on domestic oil price and inflation, but no significant effects on output growth. In terms of magnitude, a positive change in world oil price causes a stronger effect than a negative change in world oil price. In terms of timing, a positive change in world oil price causes a slow pass-through impact on domestic oil price and inflation. Meanwhile, domestic oil price and inflation decrease quickly following a negative change in world oil price.Originality/valueThis study investigates the asymmetric impact of oil price on the Vietnam economy in terms of both magnitude and timing, which is not explored by previous studies. In addition, it exploits daily information of oil price changes to analyse macroeconomic variables in lower frequency by employing MIDAS approach.

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