Oil prices and competitiveness: Time series evidence from six oil-producing countries

Journal of Economic Studies

Volumn 36, Issue 1, 2009, Pages 98-118

  Jahan Parvar, Mohammad R ^a   Mohammadi, Hassan ^b  

^a EAST CAROLINA UNIVERSITY   (United States)

^b ILLINOIS STATE UNIVERSITY   (United States)

Author keywords

Competitive strategy; Monetary policy; Oil industry

Indexed keywords

EID: 58449093985     PISSN: 01443585     EISSN: None     Source Type: Journal    
DOI: 10.1108/01443580910923821     Document Type: Article

References (36)

1. Bjorland, H.C. The economic effects of North Sea oil on the manufacturing sector Scottish Journal of Political Economy 45 1998 553-85
2. Brunstad, R.J., Dyrstad, J.M. Booming sector and wage effects: an empirical analysis on Norwegian data Oxford Economic Papers 49 1 1997 89-103
3. Cordon, W.M. The exchange rate, monetary policy and North Sea Oil: theory of the squeeze on tradbles Oxford Economic Papers 1981 23-46 (New Series, 33, Supplement: The Money Supply and the Exchange Rate)
4. Corden, W.M. Booming sector and Dutch disease economics: survey and consolidation Oxford Economic Papers 36 3 1984 359-80
5. Corden, W.M., Neary, J.P. Booming sector and de-industrialization in a small open economy Economic Journal 92 368 1982 825-48
6. Darat, A., Suliman, M.O. Impact of external price shocks on the oil-based developing economies Journal of Economic Studies 17 6 1990 36-49
7. Ebrahim-Zadeh, C. Back to basics, Dutch disease: too much wealth managed unwisely Finance and Development, IMF Quarterly 40 1 2003
8. Edwards, S. Coffee, money and inflation in Colombia World Development 12 11-12 1984 1107-17
9. Edwards, S. Neary, J.P., van Wijnbergen, S. A commodity export boom and the real exchange rate: the money-inflation link Natural Resources and Macroeconomy MIT Press Cambridge, MA 1986 229-48
10. Edwards, S., Aoki, M. Oil exports and dutch-disease: a dynamic analysis Resources and Energy 5 3 1983 219-42
11. Fardmanesh, M. Dutch disease economics and the oil syndrome: an empirical study World Development 19 6 1991 711-7
12. Gelb, A.H. Neary, J.P., van Wijnbergen, S. Adjustment to windfall gains: a comparative analysis of oil exporting countries Natural Resources and Macroeconomy MIT Press Cambridge, MA 1986 54-92
13. Hsiao, C. Cointegration and dynamic simultaneous equations model Econometrica 65 3 1997 647-70
14. Hutchinson, M.M. Manufacturing sector resiliency to energy booms: empirical evidence from Norway, the Netherlands, and the United Kingdom Oxford Economic Papers 46 2 1994 311-29
15. Johansen, S. Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models Econometrica 59 6 1991 1551-80
16. Johansen, S. Likelihood-based Inference in Cointegrated Vector Autoregressive Models Oxford University Press Oxford 1995
17. Johansen, S., Juselius, K. Maximum likelihood estimation and inference on cointegration with applications to the demand for money Oxford Bulletin of Economics and Statistics 52 2 1990 160-210
18. Larsen, E.R. Escaping the resource curse and the Dutch disease? When and why Norway caught up with and forged ahead of its neighbors American Journal of Economics and Sociology 65 3 2006 605-40
19. McMahon, G. The Natural Resource Curse: Myth or Reality? Mimeo, World Bank Institute 1997
20. Sachs, J.D., Warner, A.M. The big push, natural resource boom and growth Journal of Development Economics 59 1 1999 43-76
21. Stevens, P. Resource impact: curse or blessing? A literature survey Journal of Energy Literature 9 1 2003 3-42
22. Taylor, L., Yarukoglu, K.T., Chaudhry, S.A. Neary, J.P., van Wijnbergen, S. A macro model for an oil exporter: Nigeria Natural Resources and Macroeconomy MIT Press Cambridge, MA 1986 201-24
23. van Vijnbergen, S. The Dutch disease: a disaster after all? Economic Journal 94 1984 41-55
24. Warr, P.G. Neary, J.P., van Wijnbergen, S. Indonesia's other Dutch disease: economic effects of the petroleum boom Natural Resources and Macroeconomy MIT Press Cambridge, MA 1986 288-320
25. Zellner, A., Palm, F. Time series analysis and simultaneous equations econometric models Journal of Econometrics 2 1 1974 17-54
26. Buffie, E.F. Sachs, J.D. Economic policy and foreign debt in Mexico Developing Country Debt and Economic Performance Vol. 2 University of Chicago Press Chicago, IL 1990
27. Dickey, D.A., Fuller, W.A. Distribution of the estimators of autoregressive time series with a unit root Journal of the American Statistical Association 74 366 1979 427-31
28. Dornbusch, R. Devaluation, money, and nontraded goods American Economic Review 63 5 1973 871-80
29. Edwards, S. Money, rate of devaluation, and interest rates in a semiopen economy Journal of Money, Credit, and Banking 17 1985 59-67
30. Engle, R.F., Granger, C.W.J. Co-integration and error correction: representation, estimation, and testing Econometrica 55 2 1987 251-76
31. Granger, C.W.J. Investigating causal relations by econometric methods and cross-spectral methods Econometrica 34 3 1969 424-38
32. Hamilton, J.D. Time Series Analysis Princeton University Press Princeton, NJ 1994
33. Osterwald-Lenum, M. A note with quantiles of the asymptotic distribution of the maximum likelihood cointegration rank test statistics Oxford Bulletin of Economics and Statistics 54 3 1992 461-72
34. Phillips, P.C.B., Perron, P. Testing for a unit root in time series regression Biometrika 75 2 1988 335-46
35. Said, E., Dickey, D.A. Testing for unit roots in autoregressive moving average models of unknown order Biometrika 71 3 1984 599-607
36. Torvik, R. Learning by doing and the Dutch disease European Economic Review 45 2 2001 285-306