The dynamic relationship between the US GDP, imports and domestic production of crude oil

Imad Jabir

Applied Economics, 2009, vol. 41, issue 24, 3171-3178

Abstract: This article investigates the dynamic relationship between crude oil imports, gross domestic product (GDP) and domestic crude oil production of the United States using a Vector Error Correction model estimation, generalized impulse response functions, persistence profile and variance decompositions. This article results suggest that the GDP has a leading role in determining oil imports.

Date: 2009
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DOI: 10.1080/00036840701367531

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