Oil Shock
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Tight labor markets driven by resource booms could increase the opportunity cost of schooling and crowd out human capital formation. For oil-producing economies such as the Province of Alberta, the OPEC oil shocks during the period from... more
امروزه کسب حداکثر وجوه ارزی ناشی از صادرات کالا و خدمات، از عمده ترین سیاست های اقتصادی کشورها است. زیرا چنانچه کشوری با کمبود ذخایر ارزی مواجه شود، برای تأمین نیازهای وارداتی خود، به ناچار می باید از مجامع، کشورها یا بانک های بیگانه وام... more
امروزه کسب حداکثر وجوه ارزی ناشی از صادرات کالا و خدمات، از عمده‌ترین سیاست‌های اقتصادی کشورها است. زیرا چنانچه کشوری با کمبود ذخایر ارزی مواجه شود، برای تأمین نیازهای وارداتی خود، به ناچار می‌باید از مجامع، کشورها یا بانک‌های بیگانه وام... more
One of the most significant developments in the current economic scene in Pakistan has been the sharp increase in the rate of inflation. The annual average rate of increase in the wholesale price index (WPI) during the first seven months... more
A large body of empirical literature has suggested that oil price shocks have an important effect on economic activity. But in most of the literature the analysis is exclusively done in the time domain. However, interesting relations... more
A large body of empirical literature has suggested that oil price shocks have an important effect on economic activity. But in most of the literature the analysis is exclusively done in the time domain. However, interesting relations... more
One of the most significant developments in the current economic scene in Pakistan has been the sharp increase in the rate of inflation. The annual average rate of increase in the wholesale price index (WPI) during the first seven months... more
In this paper the authors show how potential output can be estimated and projected through an approach derived from the structural vector autoregression methodology. This approach is applied to the Mexican economy. To identify demand,... more
Tight labor markets driven by resource booms could increase the opportunity cost of schooling and crowd out human capital formation. For oil-producing economies such as the Province of Alberta, the OPEC oil shocks during the period from... more
This paper employs annual time series data (1960-2003) and the ZA (Zivot and Andrews, 1992) and the LP (Lumsdaine and Papell, 1997) approaches to determine endogenously the more likely time of major structural breaks in various... more