文章基本信息
- 标题：The Effect of Oil Price Shocks on Economic Activity in Saudi Arabia: Econometric Approach
- 本地全文：下载
- 作者：Goblan Algahtani
- 期刊名称：International Journal of Business and Management
- 印刷版ISSN：1833-3850
- 电子版ISSN：1833-8119
- 出版年度：2016
- 卷号：11
- 期号：8
- 页码：124
- DOI：10.5539/ijbm.v11n8p124
- 出版社：Canadian Center of Science and Education
- 摘要：
This paper is attempt to investigate the effect of oil price shocks on the Saudi's economic activity using annual data (1970-2015) to cover all of oil price shocks; particularly the recent decline in oil prices amid 2014. The vector autoregressive (VAR) and vector error correction model (VECM) were utilized to investigate the long-run and the short-run relationships between variables. The findings suggest a positive and significant relationship between oil prices and the Saudi's GDP in the long run.
- 其他摘要：This paper is attempt to investigate the effect of oil price shocks on the Saudi's economic activity using annual data (1970-2015) to cover all of oil price shocks; particularly the recent decline in oil prices amid 2014. The vector autoregressive (VAR) and vector error correction model (VECM) were utilized to investigate the long-run and the short-run relationships between variables. The findings suggest a positive and significant relationship between oil prices and the Saudi's GDP in the long run.
