Estimation of direct and indirect impact of oil price on growth. (Q5958677)
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scientific article; zbMATH DE number 1715718
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| English | Estimation of direct and indirect impact of oil price on growth. |
scientific article; zbMATH DE number 1715718 |
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Estimation of direct and indirect impact of oil price on growth. (English)
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3 March 2002
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Using a new methodology, this paper measures the direct and indirect effects of oil prices on GDP growth of 12 economies. Because of the indirect effect, which is transmitted through a trade matrix, even the net oil exporters like Indonesia and Malaysia cannot escape the negative influence of high oil prices.
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VARX model
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Trade matrix
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Direct and indirect effects
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0.7286981344223022
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0.6759344935417175
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0.6698787808418274
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0.6638679504394531
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0.6578880548477173
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