| dc.contributor |
Jiu , Brett |
|
| dc.date |
2012 -09 -28T12 :55 :22Z |
|
| dc.date |
2012 -09 -28T12 :55 :22Z |
|
| dc.date |
2012 -08 |
|
| dc.date |
2012 -09 -28 |
|
| dc.date |
August 2012 |
|
| dc.date |
2012 -09 -28T12 :55 :23Z |
|
| dc.date.accessioned |
2012 -11 -29T19 :40 :04Z |
|
| dc.date.available |
2012 -11 -29T19 :40 :04Z |
|
| dc.date.issued |
2012 -11 -29 |
|
| dc.identifier |
http : / /hdl .handle .net /10657 /ETD -UH -2012 -08 -581 |
|
| dc.identifier |
10657 /ETD -UH -2012 -08 -581 |
|
| dc.identifier.uri |
http : / /hdl .handle .net /10657 /ETD -UH -2012 -08 -581 |
|
| dc.description |
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 |
application /pdf |
|
| dc.language |
eng |
|
| dc.subject |
Crude oil |
|
| dc.subject |
Price Shocks |
|
| dc.subject |
GDP |
|
| dc.title |
CRUDE OIL PRICE SHOCKS AND GROSS DOMESTIC PRODUCT |
|
| dc.type |
text |
|
| dc.type |
thesis |
|