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The Asymmetric Effects of Oil Shocks on an Oil-exporting Economy

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  • Omar Mendoza
  • David Vera

Abstract

We estimate the effects of unexpected changes in oil prices on output for the case of Venezuela, an oil-exporting economy. Following Hamilton (2003), Lee et al. (1995), and Mork (1989), we estimate measures of oil shocks and determine the effect of these

Suggested Citation

  • Omar Mendoza & David Vera, 2010. "The Asymmetric Effects of Oil Shocks on an Oil-exporting Economy," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 47(135), pages 3-13.
    • Handle: RePEc:ioe:cuadec:v:47:y:2010:i:135:p:3-13
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