The relationship between oil price changes and economic growth in Canadian provinces: Evidence from a quantile-on-quantile approach

Mohsen Bakhshi Moghaddam

Energy Economics, 2023, vol. 125, issue C

Abstract: This paper analyzes the relationship between oil price changes and economic growth in Canadian provinces using the quantile-on-quantile (QQ) approach. The applied methodology can capture the linkage between the two variables under different economic states while considering the size and sign of the oil price changes. The results show that the impacts of oil price changes on Canadian provinces’ economic growth are considerably heterogeneous across different quantiles of the two variables. The results also reveal that the oil-economic growth relationship is heterogeneous across Canadian provinces, both within each group of oil-producing and non-oil-producing provinces and between the two groups.

Keywords: Oil price shocks; Economic growth; Heterogeneous effects; Quantile-on-quantile regression; Interprovincial trade; Canada (search for similar items in EconPapers)
JEL-codes: C21 O13 O47 Q33 Q43 R11 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:125:y:2023:i:c:s0140988323002876

DOI: 10.1016/j.eneco.2023.106789

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