Effects of oil shocks on EMU exports: technological level differences

Artikel

This article provides some new empirical perspectives on the relationship between oil-market fluctuations and technological structure of EMU export. We rely on a time-varying parameter VAR model to capture the reaction of different technological structures of EMU export to various oil-market innovations in the period 2002-2015. Our results can be summarized as follows: (1) increase in crude oil production is likely to reduce oil prices and therefore increases all EMU exports due to lower production and transportation costs; (2) increase in global demand is more likely to be transmitted to goods with higher added value; (3) high-tech exports decrease in the first months after the global demand shock as a result of a delayed investment decision process; (4) increasing oil prices yield only marginal effect on EMU export.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Review of Economic Perspectives ; ISSN: 1804-1663 ; Volume: 17 ; Year: 2017 ; Issue: 4 ; Pages: 399-423 ; Warsaw: De Gruyter

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: EMU ; export ; technological structure ; TVP-VAR

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Hodula, Martin ; Vahalík, Bohdan
• Ereignis: Veröffentlichung
• (wer): De Gruyter
• (wo): Warsaw
• (wann): 2017

Weitere Informationen

• DOI: doi:10.1515/revecp-2017-0021
• Handle: http://hdl.handle.net/10419/179887
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ