Schryder, Selien De; Peersman, Gert - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2014
Using recent advances in panel data estimation techniques, we .find that an appreciation of the US dollar exchange rate leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to be considerably larger than the impact of a shift in...