Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, … - 2009
conditions and assuming a Cobb Douglas production function, it is shown that (log) oil exports enter the long run output equation …, inflation, real exchange rate, oil exports, and foreign real output, the paper finds clear evidence for two long run relations … for the (missing) market interest rate. Real output in the long run is shaped by oil exports through their impact on …