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The impacts of oil price shocks on small oil-importing economies: Time series evidence for Liberia

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  • Gbatu, Abimelech Paye
  • Wang, Zhen
  • Wesseh, Presley K.
  • Tutdel, Isaac Yak Repha

Abstract

This study reviews the relevant literature on oil price impacts and then applies both asymptotic and bootstrap distribution techniques to model various oil price shocks and to subsequently evaluate their impacts on key macroeconomic variables in Liberia.

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  • Gbatu, Abimelech Paye & Wang, Zhen & Wesseh, Presley K. & Tutdel, Isaac Yak Repha, 2017. "The impacts of oil price shocks on small oil-importing economies: Time series evidence for Liberia," Energy, Elsevier, vol. 139(C), pages 975-990.
  • Handle: RePEc:eee:energy:v:139:y:2017:i:c:p:975-990
    DOI: 10.1016/j.energy.2017.08.047
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    Keywords

    Asymmetries; Liberia; Oil price shocks; Real GDP;

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