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The dynamic relationship between the US GDP, imports and domestic production of crude oil

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  • Imad Jabir

Abstract

This article investigates the dynamic relationship between crude oil imports, gross domestic product (GDP) and domestic crude oil production of the United States using a Vector Error Correction model estimation, generalized impulse response functions, persistence profile and variance decompositions. This article results suggest that the GDP has a leading role in determining oil imports.

Suggested Citation

  • Imad Jabir, 2009. "The dynamic relationship between the US GDP, imports and domestic production of crude oil," Applied Economics, Taylor & Francis Journals, vol. 41(24), pages 3171-3178.
    • Handle: RePEc:taf:applec:v:41:y:2009:i:24:p:3171-3178
    DOI: 10.1080/00036840701367531
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    Cited by:

    1. Marbuah, George, 2014. "Understanding crude oil import demand behaviour in Ghana," MPRA Paper 60436, University Library of Munich, Germany.
    2. Rajesh Sharma & Pradeep Kautish & D. Suresh Kumar, 2021. "Assessing Dynamism of Crude Oil Demand in Middle-Income Countries of South Asia: A Panel Data Investigation," Global Business Review, International Management Institute, vol. 22(1), pages 169-183, February.

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