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The impact of oil shocks on the G-7 countries GDP growth

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  • Al-mulali, Usama

Abstract

This study examines the impact of oil shocks on the G-7 countries using the time series data from 1975 to 2007. The pooled model was employed; from the results we found that oil shocks has no negative impact on the G-7 countries, due to the flexible labor markets, improvements in monetary policy and smaller share of oil in production, Indirect Tax Analogy, and flexible inflation targeting regimes.

Suggested Citation

  • Al-mulali, Usama, 2010. "The impact of oil shocks on the G-7 countries GDP growth," MPRA Paper 26846, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:26846
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Oil prices; G-7 Countries; GDP growth; Pooled Model;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • A10 - General Economics and Teaching - - General Economics - - - General

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