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The Effect of Asymmetric Oil Price Shocks on Industrial Production in Jordan

Year 2017, Volume: 7 Issue: 2, 118 - 124, 01.06.2017

Noura Abu Asab

Abstract

The aim of this paper is to examine the asymmetric effect of oil price shocks on economic activity in Jordan, proxied by industrial production growth. Accommodating for non-linearity and employing different oil price shock measures, the findings suggest that positive oil shocks have a negative and significant effect on growth, while oil price declines have no impact on growth. This suggests that drops in oil prices are not necessarily an incentive for industrial growth in oil-importing countries. Based on symmetry specifications, oil price shocks and growth are found to be negatively correlated.

Keywords

Oil shock Jordan Oil importers Nonlinearities

Year 2017, Volume: 7 Issue: 2, 118 - 124, 01.06.2017

Noura Abu Asab

Abstract

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Other ID JA25AY65BD
Authors

Noura Abu Asab This is me

Publication Date June 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 2

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APA Asab, N. A. (2017). The Effect of Asymmetric Oil Price Shocks on Industrial Production in Jordan. International Journal of Economics and Financial Issues, 7(2), 118-124. https://izlik.org/JA75EB85JE
AMA 1.Asab NA. The Effect of Asymmetric Oil Price Shocks on Industrial Production in Jordan. IJEFI. 2017;7(2):118-124. https://izlik.org/JA75EB85JE
Chicago Asab, Noura Abu. 2017. “The Effect of Asymmetric Oil Price Shocks on Industrial Production in Jordan”. International Journal of Economics and Financial Issues 7 (2): 118-24. https://izlik.org/JA75EB85JE.
EndNote Asab NA (June 1, 2017) The Effect of Asymmetric Oil Price Shocks on Industrial Production in Jordan. International Journal of Economics and Financial Issues 7 2 118–124.
IEEE [1]N. A. Asab, “The Effect of Asymmetric Oil Price Shocks on Industrial Production in Jordan”, IJEFI, vol. 7, no. 2, pp. 118–124, June 2017, [Online]. Available: https://izlik.org/JA75EB85JE
ISNAD Asab, Noura Abu. “The Effect of Asymmetric Oil Price Shocks on Industrial Production in Jordan”. International Journal of Economics and Financial Issues 7/2 (June 1, 2017): 118-124. https://izlik.org/JA75EB85JE.
JAMA 1.Asab NA. The Effect of Asymmetric Oil Price Shocks on Industrial Production in Jordan. IJEFI. 2017;7:118–124.
MLA Asab, Noura Abu. “The Effect of Asymmetric Oil Price Shocks on Industrial Production in Jordan”. International Journal of Economics and Financial Issues, vol. 7, no. 2, June 2017, pp. 118-24, https://izlik.org/JA75EB85JE.
Vancouver 1.Asab NA. The Effect of Asymmetric Oil Price Shocks on Industrial Production in Jordan. IJEFI [Internet]. 2017 June 1;7(2):118-24. Available from: https://izlik.org/JA75EB85JE