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  1. May 1, 2020 · We test the exclusion of oil price increases, oil price decreases, and their joint exclusion, where the latter assumes that oil prices do not impact GDP growth.

    • Lanouar Charfeddine, Tony Klein, Thomas Walther, Thomas Walther
    • 2020
  2. May 1, 2020 · We find no evidence that oil price decreases affect GDP growth on extended data except for volatility-adjusted measures. Abstract. This paper presents a thorough replication of Hamilton (2003) which in turn replicates and extends the findings of four seminal papers regarding the oil price–GDP growth relationship.

  3. May 1, 2020 · We find that for more recent data the explanatory power of the proposed oil price measures on GDP growth rates is still present, albeit on a slightly weaker magnitude. Extending the ARX (4), we...

  4. Jul 1, 2024 · Revealing the precise thresholds at which fluctuations in oil prices start to affect gross domestic product and its various components (consumption, investment, expenditure and exports) holds significant implications for policymakers in both oil-importing and oil-exporting countries.

  5. Feb 16, 2022 · How do oil price increases affect inflation and what does that mean for the global economy? Oil is 3% of global GDP. So, if 3% of global GDP is twice as expensive tomorrow, clearly, this will have some impact on inflation.

  6. Aug 16, 2023 · Changes in prices send signals to the market. Prices in spot markets send a clear signal about the balance of supply and demand. Rising prices indicate that additional supply is needed, and falling prices indicate there is too much supply for current demand.

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  8. Analytically, oil consumption growth is a function of price and income changes. The literature has long emphasized the relative price inelasticity of demand, especially in the short term. The extent to which oil price fluctuations may impact GDP growth adds a curious identification problem to income elasticities. However, the attempts at estimating

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