Sources of Business Cycles in Energy Producing Economies - The case of Norway and United Kingdom
This paper analyses the sources of business cycles in economies that have an important energy producing sector. Especially, I investigate the effects of oil and gas extractions (energy booms) on the manufacturing sector, and analyse whether there is any evidence of a "Dutch disease", that is whether energy booms have had adverse effects on the manufacturing base. In additions to energy booms, I identify three other types of disturbances in the economy; aggregate demand, supply and oil price shocks. The different structural disturbances are identified by imposing long-run and short-run (zero) r... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 1996 |
Verlag/Hrsg.: |
Oslo: Statistics Norway
Research Department |
Schlagwörter: | ddc:330 / C22 / C32 / E32 / L60 / Q43 / Dutch disease / dynamic restrictions / structural vector autoregression |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-28639477 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/192163 |