학술논문
Effects of Oil Supply News on Korean GDP, Prices and Net Exports: A Proxy FAVAR Approach
이용수 0
- 영문명
- 발행기관
- 세종대학교 경제통합연구소
- 저자명
- Cheol-Keun Cho Myunghyun Kim
- 간행물 정보
- 『Journal of Economic Integration』제40권 제1호, 145~155쪽, 전체 11쪽
- 주제분류
- 경제경영 > 경제학
- 파일형태
- 발행일자
- 2025.03.01
4,120원
구매일시로부터 72시간 이내에 다운로드 가능합니다.
이 학술논문 정보는 (주)교보문고와 각 발행기관 사이에 저작물 이용 계약이 체결된 것으로, 교보문고를 통해 제공되고 있습니다.
국문 초록
We consider a proxy FAVAR (Factor-Augmented Vector Autoregression) model to analyze the impact of an oil supply news shock on the Korean economy. To identify an oil supply news shock, we use the variation in oil futures prices around OPEC production announcements as a proxy. Moreover, we include a factor that captures the common movement of many Korean macro variables such as various price indices and investment. The estimation results of the proxy FAVAR model show that an oil supply news shock increases the real oil price and the US CPI, and decreases world oil production and US GDP. As for Korean macro variables, GDP and net exports fall and CPI increases in response to the shock.
영문 초록
목차
I. Introduction
II. Econometric Approach
III. Estimation Results
IV. Conclusions
References
해당간행물 수록 논문
- Economic Integration and Financial Inclusion: Evidence from Middle-Income Countries
- An Empirical Evaluation of Intra-Bloc and Extra-Bloc Export Flows: A Study of Select South Asian Economies
- Assessing the Impact of Geopolitical Crises on Global Financial Markets: Insights from the Novel TVP-VAR Model
- A Dynamic Economic Resilience Model: A Case Study of a Regional Integration Organization in Eurasia
- Effects of Technical Barriers to Trade on Vietnam’s Export Performance and Global Value Chain Participation
- How Do Economic Policy Uncertainty, Geopolitical Risk, and Environmental Performance Affect Capital Flows? Evidence from Emerging Markets
- An Attempt to Analyze the Determinants and Effects of Sudden Stops of Capital Flows in Their Different Forms: The Case of Emerging Market Economies
- Effects of Oil Supply News on Korean GDP, Prices and Net Exports: A Proxy FAVAR Approach
- Does Income Inequality Endanger Green Growth? Evidence from Selected Countries in Asia and the Global South
- Examining the Effect of Economic Sophistication on Public Health Expenditure? Evidence from a Global Sample
참고문헌
관련논문
경제경영 > 경제학분야 NEW
- Economic Integration and Financial Inclusion: Evidence from Middle-Income Countries
- An Empirical Evaluation of Intra-Bloc and Extra-Bloc Export Flows: A Study of Select South Asian Economies
- Assessing the Impact of Geopolitical Crises on Global Financial Markets: Insights from the Novel TVP-VAR Model
최근 이용한 논문
교보eBook 첫 방문을 환영 합니다!
신규가입 혜택 지급이 완료 되었습니다.
바로 사용 가능한 교보e캐시 1,000원 (유효기간 7일)
지금 바로 교보eBook의 다양한 콘텐츠를 이용해 보세요!