Apergēs, Nikolaos; Miller, Stephen M. - 2008 - [Rev.]
methodology. To wit, they estimate a structural VAR
model for the four variables as follows: the percentage change in world crude … percentage change in world crude oil production and the return on U.S. stocks are
stationary variables (i.e., I(0) variables … demand should associate with
rising freight rates. The proxy for world demand sidesteps a sticky issue with individual …