Nonlinearities in the response of real GDP to oil price shocks

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dc.contributor.author Karaki, Mohamad B.
dc.date.accessioned 2018-03-15T06:42:44Z
dc.date.available 2018-03-15T06:42:44Z
dc.date.copyright 2017 en_US
dc.date.issued 2018-03-15
dc.identifier.issn 1873-7374 en_US
dc.identifier.uri http://hdl.handle.net/10725/7203 en_US
dc.description.abstract This paper re-examines whether real GDP growth responds asymmetrically to real oil price increases and decreases using a sample that includes the recent oil price declines. I follow Kilian and Vigfusson (2011a) and conduct a test of symmetry. I find no evidence against the null of symmetry using the 3-year net oil price increase specification. Moreover, I find that the results are not stable for different nonlinear transformations of the real price of oil. Finally, evidence of asymmetry vanishes after computing specification robust critical values. en_US
dc.language.iso en en_US
dc.title Nonlinearities in the response of real GDP to oil price shocks en_US
dc.type Article en_US
dc.description.version Published en_US
dc.author.school SOB en_US
dc.author.idnumber 201304845 en_US
dc.author.department Department of Economics (ECON) en_US
dc.description.embargo N/A en_US
dc.relation.journal Economics Letters en_US
dc.journal.volume 161 en_US
dc.article.pages 146-148 en_US
dc.keywords Asymmetry en_US
dc.keywords Business cycles en_US
dc.keywords Oil prices en_US
dc.keywords Net oil price en_US
dc.identifier.doi https://doi.org/10.1016/j.econlet.2017.09.034 en_US
dc.identifier.ctation Karaki, M. B. (2017). Nonlinearities in the response of real GDP to oil price shocks. Economics Letters, 161, 146-148. en_US
dc.author.email mkaraki@lau.edu.lb en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url https://www.sciencedirect.com/science/article/pii/S016517651730410X en_US
dc.orcid.id https://orcid.org/0000-0003-0925-9054
dc.author.affiliation Lebanese American University en_US

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