Fluctuations of oil prices and gross domestic product in Spain
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Títol
Fluctuations of oil prices and gross domestic product in SpainAutoria
Data de publicació
2019-12Editor
EconJournalsCita bibliogràfica
CANTAVELLA, Manuel. Fluctuations of oil prices and gross domestic product in Spain. International Journal of Energy Economics and Policy, 2020, 10(2): 57-63.Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
https://www.econjournals.com/index.php/ijeep/article/view/8806Versió
info:eu-repo/semantics/publishedVersionParaules clau / Matèries
Resum
The objective of this research is to analyze the asymmetric impact of crude oil prices on the real per capita gross domestic product (GDP) between
1945 and 2018 in Spain. The decomposition of oil prices into positive ... [+]
The objective of this research is to analyze the asymmetric impact of crude oil prices on the real per capita gross domestic product (GDP) between
1945 and 2018 in Spain. The decomposition of oil prices into positive and negative partial sums in a nonlinear autoregressive distributed lag model
allows examining the results derived from the fluctuations of oil prices in the international markets. The effects of those movements on per capita
GDP are primarily long range, having the long-run oil price decreases a larger impact on the per capita GDP than the oil price increases. In spite of
these asymmetric effects, the energy policy agenda should address some issues related to not only tax handling but to market competition and efcient
wages mechanisms as well. [-]
Proyecto de investigación
Universitat Jaume I (project UJI-B2017-17) ; Ministry of Economy and Business of Spain Government (MINECO) (ECO2017-85746-P project).Drets d'accés
info:eu-repo/semantics/openAccess
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