The Asymmetric Effects of Oil Shocks on an Oil-exporting Economy

Omar Mendoza and David Vera

Latin American Journal of Economics-formerly Cuadernos de Economía, 2010, vol. 47, issue 135, 3-13

Abstract: We estimate the effects of unexpected changes in oil prices on output for the case of Venezuela, an oil-exporting economy. Following Hamilton (2003), Lee et al. (1995), and Mork (1989), we estimate measures of oil shocks and determine the effect of these

Keywords: Oil shocks; output fluctuations; nonlinear estimation (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (31)

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