Oil price shocks and renewable energy transition: Empirical evidence from net oil-importing South Asian economies
نویسندگان
چکیده
منابع مشابه
Macroeconomic impacts of oil price shocks in Asian economies ¬リニ
This paper analyzes the macroeconomic impact of structural oil shocks in four of the top oil-consuming Asian economies, using a VAR model. We identify three different structural oil shocks via sign restrictions: an oil supply shock, an oil demand shock driven by global economic activity and an oil-specific demand shock. The main results suggest that economic activity and prices respond very dif...
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Health expenditures as a share of GDP in the United States have more than tripled over the past half-century. A common conjecture is that this is a consequence of rising income. We investigate this hypothesis by instrumenting for local area income with time series variation in oil prices interacted with local oil reserves. This strategy enables us to capture both partial equilibrium and local g...
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The historical record Figure 1 plots the price of oil relative to the core personal consumption expenditures price index (PCEPI) together with the core PCEPI inflation rate. (Core measures of inflation exclude food and energy prices.) The figure shows that the price of oil jumped sharply twice in the 1970s, as did inflation. But this relationship appears to have deteriorated over the latter par...
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This paper investigates the effects of oil price shocks on real GDP and inflation in selected oil exporting and importing countries using the Global VAR approach. We have used the data for 47 countries over the 38 years from 1979 to 2015 in this research. We have grouped the countries into 21 regions. Our results indicate that firstly that the impact of shocks on the real GDP of oil-exporti...
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ژورنال
عنوان ژورنال: Energy, Ecology and Environment
سال: 2020
ISSN: 2363-7692,2363-8338
DOI: 10.1007/s40974-020-00168-0