Trade linkages and macroeconomic effects of the price of oil

Energy Economics

Volumn 32, Issue 4, 2010, Pages 848-856

  Korhonen, Iikka ^a   Ledyaeva, Svetlana ^b  

^a BANK OF FINLAND   (Finland)

^b HELSINKI SCHOOL OF ECONOMICS   (Finland)

Author keywords

Macroeconomic fluctuations; Oil; Russia; Trade linkages

Indexed keywords

ECONOMIC ACTIVITIES; EXPORTER COUNTRIES; FINLAND; GERMANY; INDIRECT EFFECTS; MACROECONOMIC FLUCTUATIONS; MATRIX; NETHERLANDS; OIL PRICE CHANGES; OIL PRICE SHOCKS; OIL PRODUCERS; OIL SHOCK; PRICE INCREASE; SWITZERLAND; TOTAL EFFECT;

COMMERCE; ECONOMICS; GAS INDUSTRY;

COSTS;

ECONOMIC ACTIVITY; ENERGY MARKET; GROSS DOMESTIC PRODUCT; MACROECONOMICS; NUMERICAL MODEL; OIL PRODUCTION; OIL SUPPLY; OIL TRADE; PRICE DYNAMICS;

CANADA; CHINA; FINLAND; GERMANY; JAPAN; NETHERLANDS; RUSSIAN FEDERATION; SWITZERLAND; UNITED STATES;

EID: 77953356176     PISSN: 01409883     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.eneco.2009.11.005     Document Type: Article

References (26)

1. Abeysinghe T. The Asian Crisis, Trade Links and Output Multipliers: A Structural VAR Approach. National University of Singapore Department of Economics Working Paper 1998.
2. Abeysinghe T. Estimation of direct and indirect impact of oil price on growth. Economics Letters 2001, 73:147-153.
3. Abeysinghe T., Forbes K. Trade Linkages and Output-multiplier Effects: A structural VAR Approach with a Focus on Asia. NBER Working Paper 2001, No. 8600.
4. Abeysinghe T., Forbes K. Trade linkages and output-multiplier effects: a structural VAR approach with a focus on Asia. Review of International Economics 2005, 13(2):356-375.
5. Abeysinghe T., Lu D. China as an economic powerhouse: implications on its neighbors. China Economic Review 2003, 14:164-185.
6. Arora V., Vamvakidis A. How much do trading partners matter for economic growth?. IMF Staff Papers 2005, 52(1):24-40.
7. Baxter M., Kouparitsas M. Determinants of business cycle co-movement: a robust analysis. Journal of Monetary Economics 2005, 52:113-157.
8. Blanchard O., Galí J. The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so Different from the 1970s. NBER Working paper 2007, No.13368.
9. Collier P., Goderis B. Prospects for commodity exporters. Hunky Dory or Humpty Dumpty?. World Economics 2007, 8:1-16.
10. Frankel J., Rose A. Is EMU more justifiable ex post than ex ante?. European Economic Review 1997, 41:753-760.
11. Frankel J., Rose A. The endogeneity of the optimum currency area criteria. Economic Journal 1998, 108:1009-1025.
12. Hamilton J. Oil and the macroeconomy since World War II. Journal of Political Economy 1983, 91:228-248.
13. Hamilton J. This is what happened to the oil price-macroeconomy relationship. Journal of Monetary Economics 1996, 38:215-220.
14. Hamilton J. What is an Oil Shock?. NBER Working Paper 2000, No. 7755.
15. Huang B.-N., Hwang M.-J., Peng H.-P. The asymmetry of the impact of oil price shocks on economic activities: an application of the multivariate threshold model. Energy Economics 2005, 27:455-476.
16. Inklaar R., Jong-A-Pin R., Haan J. Trade and business cycles synchronization in OECD countries - a re-examination. European Economic Review 2007, 52(4):646-666.
17. Kilian L. A comparison of the effects of exogenous oil supply shocks on output and inflation in the G7 countries. Journal of the European Economic Association 2008, 6(1):78-121.
18. Kilian L., Chang P.L. How accurate are confidence intervals for impulse responses in large VAR models?. Economics Letters 2000, 69:299-307.
19. Krugman, P., 1993. Lessons of Massachusetts for EMU, In: Torres F, Giavazzi F. (Eds), Adjustment and Growth in the European Monetary Union, Cambridge University Press and CEPR, Cambridge, p.241-261.
20. Jiménez-Rodríguez R., Sánchez M. Oil Price Shocks and Real GDP Growth: Empirical Evidence for Some OECD Countries. European Central Bank Working Paper Series 2004, No. 362.
21. Lardic S., Mignon V. Oil prices and economic activity: an asymmetric cointegration approach. Energy Economics 2008, 30(3):847-855.
22. Lee K., Ni S., Ratti R. Oil shocks and the macroeconomy: the role of price variability. Energy Journal 1995, 16:39-56.
23. Mork K. Oil and the macroeconomy when prices go up and down: an extension of Hamilton's results. Journal of Political Economy 1989, 91:740-744.
24. Rautava J. The role of oil prices and the real exchange rate in Russia's economy - a cointegration approach. Journal of Comparative Economics 2004, 32:315-327.
25. Sachs J., Warner A. The curse of natural resources. European Economic Review 2001, 45:827-838.
26. Segal P. Why Do Oil Price Shocks No Longer Shock?. Oxford Institute for Energy Studies Working paper 2007, No. 35.