The Asymmetric Effects of Oil Shocks on an Oil-exporting Economy
We estimate the effects of unexpected changes in oil prices on output for the case of Venezuela, an oil-exporting economy. Following Hamilton (2003), Lee et al. (1995), and Mork (1989), we estimate measures of oil shocks and determine the effect of these shocks on the Venezuelan economy. Our results...
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| Autores principales: | , |
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| Lenguaje: | English |
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Instituto de Economía, Pontificia Universidad Católica de Chile
2010
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| Acceso en línea: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212010000100001 |
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