publication . Bachelor thesis . 2009

Oil price fluctuations and Its effect on GDP growth

Gonzalez , Aaron; Nabiyev, Sherzod;
Open Access English
  • Published: 01 Jan 2009
  • Publisher: Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Nationalekonomi
  • Country: Sweden
Abstract
During the year of 2008, the world has experienced historically high oil prices reaching an all time high of 147 USD per barrel in midsummer. The extreme volatility of what is consider the number one source of energy reopened discussions about energy sustainability and the plausible effects of an oil shock in the global economy.   How reliable oil price is as an economic variable predicting fluctuations in GDP growth remains controversial. Several models have been developed by scholars targeting different relations between oil price and GDP growth, from its effects on stock markets to its effect to unemployment. The authors extended the model of Mork & Olson...
Subjects
free text keywords: Oil, GDP growth
Related Organizations

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Table 5.3 for the U.S.A

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