• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文会议>International Conference on Management Science and Industrial Economy >Research on Macroeconomics Effect from Oil Price Fluctuations --Empirical Evidence from Major Oil-exporting Countries
【24h】

Research on Macroeconomics Effect from Oil Price Fluctuations --Empirical Evidence from Major Oil-exporting Countries

机译：主要石油出口国的油价波动宏观经济效应研究

获取原文
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

This study is focused on the impact of oil price fluctuation on two groups of countries: The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC. The data set include all eight OPEC and seven non-OPEC countries. The real GDP growth, inflation, and unemployment rate were chosen as macroeconomic variables with the period from 1993 to 2016. West Texas Intermediate (WTI) crude oil was taken as a measure of oil prices. The main purpose of the research is to find out whether the selected economic indicators of OPEC countries are more sensitive to fluctuation in oil prices than those in non-OPEC oil-exporting countries. In order to compare the two sorts of countries, two separate vector auto regression (VAR) models were used for non-OPEC and OPEC countries. The result of the research proved the existence of a connection between oil prices and inflation, real GDP, the unemployment rate for both OPEC and non-OPEC countries. In addition, results show that the relationship holds only in the short and medium run, but not in the long run. Impulse response function indicated that inflation and unemployment rate for OPEC countries are more sensitive to oil price fluctuation than in the case of non-OPEC countries. However, real GDP growth is more sensitive in non-OPEC countries.
机译：本研究专注于油价波动对两组国家的影响：石油出口国（OPEC）和非欧佩克的组织。数据集包括所有八个opec和七个非欧佩克国家。选择了真正的GDP增长，通货膨胀和失业率，作为宏观经济变量，1993年至2016年的宏观经济变量。西德克萨斯中级（WTI）原油作为油价的衡量标准。该研究的主要目的是找出OPEC国家的选定经济指标是否对油价波动更敏感，而不是非欧佩克石油出口国的波动。为了比较两种国家，两个单独的向量自动回归（VAR）模型用于非欧佩克和欧佩克国家。研究结果证明了石油价格与通货膨胀，真正的GDP，欧佩克和非欧佩克国家的失业率之间的联系存在。此外，结果表明，这种关系仅在短期和中期运行中保持，但不会长期运行。脉冲响应函数表明，欧佩克国家的通货膨胀和失业率对油价波动比非欧佩克国家的案件更敏感。然而，真正的GDP增长在非欧佩克国家更敏感。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号