Publikationsserver
Oil Price Shocks and Unemployment Rate: New Evidence from the MENA Region
We examine the effects of oil price shocks on unemployment rates in the MENA oil-exporting and oil-importing countries over the period 1991-2017. Using the nonlinear autoregressive distributed lag (NARDL) model, the results show that in the short-run, the positive changes of oil prices only exert a...
Сохранить в:
| Опубликовано в:: | MAGKS - Joint Discussion Paper Series in Economics (Band 31-2019) |
|---|---|
| Главные авторы: | , , |
| Формат: | Статья |
| Язык: | английский |
| Опубликовано: |
Philipps-Universität Marburg
2019
|
| Предметы: | |
| Online-ссылка: | PDF-полный текст |
| Метки: |
Добавить метку
Нет меток, Требуется 1-ая метка записи!
|
| Итог: | We examine the effects of oil price shocks on unemployment rates in the MENA oil-exporting and oil-importing countries over the period 1991-2017. Using the nonlinear autoregressive distributed lag (NARDL) model, the results show that in the short-run, the positive changes of oil prices only exert a positive (increasing) impact on the unemployment rate for oil-exporting countries. However, in the long-run, positive changes in oil prices have a significant increasing effect on the unemployment rate for oil-exporting and oil-importing countries in the MENA region. We also find that the negative changes in oil prices do not show a significant effect on the unemployment rate. Our findings are in line with predictions of the Dutch disease hypothesis. |
|---|---|
| Объем: | 20 Seiten |
| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0626 |