Korhonen, Iikka; Ledyaeva, Svetlana - In: Energy Economics 32 (2010) 4, pp. 848-856
In this paper we assess the impact of oil price shocks on oil-producer and oil-consuming economies. VAR models for different countries are linked together via a trade matrix, as in Abeysinghe (2001). As expected, we find that oil producers (here, Russia and Canada) benefit from oil price shocks....
