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

Volume: 7 Number: 2 June 1, 2017
  • Noura Abu Asab
International Journal of Economics and Financial Issues Cover
International Journal of Economics and Financial Issues
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The Effect of Asymmetric Oil Price Shocks on Industrial Production in Jordan

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.

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Primary Language

English

Subjects

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Journal Section

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Authors

Noura Abu Asab This is me

Publication Date

June 1, 2017

Submission Date

June 1, 2017

Acceptance Date

-

Published in Issue

Year 2017 Volume: 7 Number: 2

IZ

https://izlik.org/JA75EB85JE

Cite

RIS / Bibtex
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.Noura Abu Asab. The Effect of Asymmetric Oil Price Shocks on Industrial Production in Jordan. IJEFI [Internet]. 2017 Jun. 1;7(2):118-24. Available from: https://izlik.org/JA75EB85JE