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- W2777963509 abstract "Abstract This article provides some new empirical perspectives on the relationship between oil-market fluctuations and technological structure of EMU export. We rely on a time-varying parameter VAR model to capture the reaction of different technological structures of EMU export to various oil-market innovations in the period 2002-2015. Our results can be summarized as follows: (1) increase in crude oil production is likely to reduce oil prices and therefore increases all EMU exports due to lower production and transportation costs; (2) increase in global demand is more likely to be transmitted to goods with higher added value; (3) high-tech exports decrease in the first months after the global demand shock as a result of a delayed investment decision process; (4) increasing oil prices yield only marginal effect on EMU export." @default.
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- W2777963509 date "2017-12-20" @default.
- W2777963509 modified "2023-09-23" @default.
- W2777963509 title "Effects of oil shocks on EMU exports: technological level differences" @default.
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- W2777963509 doi "https://doi.org/10.1515/revecp-2017-0021" @default.
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