EconPapers    
Economics at your fingertips  
 

Oil price shocks and European industries

Bert Scholtens () and Cenk Yurtsever

Energy Economics, 2012, vol. 34, issue 4, 1187-1195

Abstract: We investigate the impact of oil price shocks at the industry level in the Euro area for the period 1983–2007. We use different oil price specifications and use dynamic VAR models and multivariate regression to investigate how 38 different industries respond to oil price shocks. We pay specific attention to the asymmetry of the industries' responses regarding oil price increases and decreases. We find that the impact of oil price shocks substantially differs along the different industries. We find that the significance of this result also differs along the various oil price specifications. The results are quite robust to the way in which we model the problem.

Keywords: Oil prices; Europe; VAR; Industries (search for similar items in EconPapers)
JEL-codes: G12 G15 O13 Q43 Q47 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (49) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0140988311002623
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:34:y:2012:i:4:p:1187-1195

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-04-15
Handle: RePEc:eee:eneeco:v:34:y:2012:i:4:p:1187-1195