Oil Prices and Real Exchange Rates in Oil-Exporting Countries: A Bounds Testing Approach

Mohammad Jahan-Parvar and Hassan Mohammadi

MPRA Paper from University Library of Munich, Germany

Abstract: We test the validity of the Dutch disease hypothesis by examining the relationship between real oil prices and real exchange rates in a sample of fourteen oil exporting countries. Autoregressive distributed lag (ARDL) bounds tests of cointegration support the existence of a stable relationship between real exchange rates and real oil prices in all countries, suggesting a strong support for the Dutch disease hypothesis.

Keywords: Oil Prices; Real Exchange Rates; Dutch Disease; Cointegration; Autoregressive Distributed Lags (search for similar items in EconPapers)
JEL-codes: C32 C52 F31 F37 (search for similar items in EconPapers)
Date: 2008-12-28
New Economics Papers: this item is included in nep-ara, nep-cba and nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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https://mpra.ub.uni-muenchen.de/19605/1/MPRA_paper_19605.pdf revised version (application/pdf)

Related works:
Journal Article: Oil Prices and Real Exchange Rates in Oil-Exporting Countries: A Bounds Testing Approach (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:13435

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