Effects of oil shocks on EMU exports: technological level differences

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A86094415" target="_blank" >RIV/61989100:27510/17:86094415 - isvavai.cz</a>

Result on the web

<a href="https://www.degruyter.com/downloadpdf/j/revecp.2017.17.issue-4/revecp-2017-0021/revecp-2017-0021.pdf" target="_blank" >https://www.degruyter.com/downloadpdf/j/revecp.2017.17.issue-4/revecp-2017-0021/revecp-2017-0021.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1515/revecp-2017-0021" target="_blank" >10.1515/revecp-2017-0021</a>

Result language

angličtina

Original language name

Effects of oil shocks on EMU exports: technological level differences

Original language description

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.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Národohospodářský obzor

ISSN

1213-2446

e-ISSN

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Volume of the periodical

17

Issue of the periodical within the volume

4

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

25

Pages from-to

399-423

UT code for WoS article

000419010200004

EID of the result in the Scopus database

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