Jahan-Parvar, Mohammad R. and Mohammadi, Hassan (2008): Oil Prices and Real Exchange Rates in Oil-Exporting Countries: A Bounds Testing Approach.
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We test the validity of the Dutch disease hypothesis by examining the relationship between real oil prices and real exchange rates in a sample of fourteen oil exporting countries. Autoregressive distributed lag (ARDL) bounds tests of cointegration support the existence of a stable relationship between real exchange rates and real oil prices in all countries, suggesting a strong support for the Dutch disease hypothesis.
|Item Type:||MPRA Paper|
|Original Title:||Oil Prices and Real Exchange Rates in Oil-Exporting Countries: A Bounds Testing Approach|
|Keywords:||Oil Prices, Real Exchange Rates, Dutch Disease, Cointegration, Autoregressive Distributed Lags|
|Subjects:||C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models; Multiple Variables > C32 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
F - International Economics > F3 - International Finance > F37 - International Finance Forecasting and Simulation: Models and Applications
C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C52 - Model Evaluation, Validation, and Selection
F - International Economics > F3 - International Finance > F31 - Foreign Exchange
|Depositing User:||Mohammad R. Jahan-Parvar|
|Date Deposited:||16. Feb 2009 07:35|
|Last Modified:||19. Feb 2013 02:33|
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