OIL PRICES SHOCKS AND GOVERNMENT EXPENDITURE

نویسندگان

چکیده

This study employs the vector autoregressive model (VAR), impulse response function and variance decomposition to impact of oil price shocks on components government spending both oil-exporting importing countries over period from 1980 2018. While vast majority previous studies focused spending, this emphasized these current capital expenditure. It was found that affect expenditure positively in two groups countries. it affects negatively oil-importing countries.Keywords: Oil-exporting countries, Oil-importing Oil price, VAR model, expenditures.JEL Classifications: H5, O13, Q43DOI: https://doi.org/10.32479/ijeep.11172

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ژورنال

عنوان ژورنال: International Journal of Energy Economics and Policy

سال: 2021

ISSN: ['2146-4553']

DOI: https://doi.org/10.32479/ijeep.11172