CRUDE OIL PRICE SHOCKS AND GROSS DOMESTIC PRODUCT

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dc.contributor.advisor Jiu , Brett
dc.contributor.committeeMember Hirs , Ed
dc.contributor.committeeMember Thornton , Rebecca
dc.creator Hernandez , Jordan
dc.date.accessioned 2012 -09 -28T12 :55 :22Z
dc.date.accessioned 2014 -02 -19T22 :11 :21Z
dc.date.available 2012 -09 -28T12 :55 :22Z
dc.date.available 2014 -02 -19T22 :11 :21Z
dc.date.created 2012 -08
dc.date.issued 2012 -09 -28
dc.date.submitted August 2012
dc.identifier.uri http : / /hdl .handle .net /10657 /ETD -UH -2012 -08 -581
dc.description.abstract This study uses ordinary least squares estimation to test multivariate models in order to find out whether or not crude oil price shocks are contractionary and negatively impact the macroeconomy . Variables are annual and pertain to different aspects of crude oil and how they affect real gross domestic product (GDP ) . It is predicted that increases in domestic and imported crude oil prices negatively affect real GDP by decreasing not only energy consumption but the consumption of other goods and services as well . It is found that the initial hypothesis is partially correct . While increases in imported oil prices do decrease real GDP , increases in domestic oil prices actually increase real GDP . Additionally , as predicted , consumption other than energy is affected by crude oil price shocks and causes real GDP to contract .
dc.format.mimetype application /pdf
dc.language.iso eng
dc.subject Crude oil
dc.subject Price Shocks
dc.subject GDP
dc.title CRUDE OIL PRICE SHOCKS AND GROSS DOMESTIC PRODUCT
dc.type.genre thesis *
dc.type.material text *
thesis.degree.name Applied Economics (MA )
thesis.degree.level Masters
thesis.degree.discipline Economics
thesis.degree.grantor University of Houston
thesis.degree.department Economics
dc.date.updated 2012 -09 -28T12 :55 :23Z
dc.identifier.slug 10657 /ETD -UH -2012 -08 -581

Citation

CRUDE OIL PRICE SHOCKS AND GROSS DOMESTIC PRODUCT. Master's thesis, University of Houston. Available electronically from http : / /hdl .handle .net /10657 /ETD -UH -2012 -08 -581 .

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