The impact of oil prices on economic activity in administrated price structure: the case of Tunisia
AbstractThis article has for a core objective the handling of the established relation between oil price variation and certain macroeconomic variables, in this particular case GDP, RMM, CPI, Ex-factory price. The study in Tunisia is based on quarterly and monthly data from the period going from 2000 to 2011 revealed three important facts. First, it showed at the level of the quarterly analysis that the Tunisian authority succeeded in limiting the effect of crude oil price shock, it was approved through an impulse analysis of the dynamic responses, a second important result was revealed at the level of the quarterly analysis and the established long-term relation which showed that the GDP or the industrial production positively and significantly depend on Brent oil price and on the inflation in a structure of administered price. Second at the level of the monthly analysis, the conducted study allowed us to identify the nature of inflation, which is said to the production cost through introducing a new variable which is ex-factory price. Third, the conducted study allowed us to study the asymmetric relation between Brent oil price and the monetary mechanism in an administered price regime.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 50420.
Date of creation: 01 Oct 2013
Date of revision:
Macroeconomics; oil prices; inflation; asymmetry;
Find related papers by JEL classification:
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-18 (All new papers)
- NEP-ARA-2013-10-18 (MENA - Middle East & North Africa)
- NEP-ENE-2013-10-18 (Energy Economics)
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