Economic Activity Asymmetries to Oil Price Shocks for Oil Importing Economies [post]

Salma Bibi, Abdul Rashid Rashid, Mirajul Haq
2020 unpublished
To prospect the query of asymmetry the data of 40 oil importing economies for period of 1990-2019 used in the analysis. All of the oil importing economies divided into 3 categories consisting of low, medium and high oil importing economy. The oil price shocks can lead to cross section to be correlated specifically oil importing panels this suspicion was realized by results the CD test of H. Pesaran (2004). The technique of dynamic common correlated effects (DCCE) by Chudik, et al. (2015) used
more » ... r analysis. The results provided evidence of asymmetries for highest and lowest oil importing economies in long run. However, absences of asymmetry in short run for all oil importing nations.
doi:10.21203/rs.3.rs-110173/v1 fatcat:55g2nqyokbbnpisdvvcefsityi