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dc.contributor.advisorJiu, Brett
dc.creatorHernandez, Jordan
dc.date.accessioned2012-09-28T12:55:22Z
dc.date.available2012-09-28T12:55:22Z
dc.date.created2012-08
dc.date.issued2012-09-28
dc.date.submittedAugust 2012
dc.identifier.urihttp://hdl.handle.net/10657/ETD-UH-2012-08-581
dc.description.abstractThis 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.mimetypeapplication/pdf
dc.language.isoeng
dc.subjectCrude oil
dc.subjectPrice Shocks
dc.subjectGDP
dc.titleCRUDE OIL PRICE SHOCKS AND GROSS DOMESTIC PRODUCT
dc.date.updated2012-09-28T12:55:23Z
dc.identifier.slug10657/ETD-UH-2012-08-581
dc.type.materialtext*
dc.type.genrethesis*
thesis.degree.nameApplied Economics (MA)
thesis.degree.levelMasters
thesis.degree.disciplineEconomics
thesis.degree.grantorUniversity of Houston
thesis.degree.departmentEconomics
dc.contributor.committeeMemberHirs, Ed
dc.contributor.committeeMemberThornton, Rebecca


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