Asymmetries in the Relationship between Economic Activity and Oil Prices in the Selected EU Countries

Simple item page
dc.contributor.authorGeise, Andrzejpl
dc.contributor.authorPiłatowska, Mariolapl
dc.date.accessioned2017-04-18T12:00:40Z
dc.date.available2017-04-18T12:00:40Z
dc.date.issued2016-12-28pl
dc.description.abstractIn this paper the threshold (T-ECM) and linear (ECM) error correction models are estimated to examine the short-run and long-run Granger causality in terms of asymmetric and symmetric relationship for seven European Union economies (Germany, France, Denmark, the Netherlands, Poland, Czech Republic and the whole EU). The relationship between production, inflation and oil prices are analyzed in the presence of structural break when both, the change in intercept and the change in the slope of the trend function exist. Threshold ECMs show the asymmetric response of production and inflation to the changes in oil prices in the case of Germany, France, Poland and the EU. For other economies (Netherlands, Denmark and Czech Republic) the reaction was rather symmetric.en
dc.identifier.citationDynamic Econometric Models, No. 1, Vol. 16, pp. 65-86pl
dc.identifier.issn2450-7067pl
dc.identifier.otherdoi:10.12775/DEM.2016.004pl
dc.identifier.urihttp://repozytorium.umk.pl/handle/item/4161
dc.language.isoengpl
dc.rightsAttribution-NoDerivs 3.0 Polandpl
dc.rightsinfo:eu-repo/semantics/openAccesspl
dc.rights.urihttp://creativecommons.org/licenses/by-nd/3.0/pl/pl
dc.subjectshort-run asymmetryen
dc.subjectthreshold cointegrationen
dc.subjectthreshold error correction modelen
dc.subjectGranger causalityen
dc.subjectoil price shocken
dc.titleAsymmetries in the Relationship between Economic Activity and Oil Prices in the Selected EU Countriespl
dc.typeinfo:eu-repo/semantics/articlepl

Files

Original bundle

Thumbnail Image
Name:
DEM.2016.004,Geise,Pilatowska.pdf
Size:
925.64 KB
Format:
Adobe Portable Document Format
Download

Collections

Artykuły (WNEZ)