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regimes of industry and mine sector (recession, average growth and expansion) have a negative impact on this sector. Also, it … is shown that under the influence of crude oil price uncertainty, duration of average growth is more than recession … oil price. So oil price increases will be eliminated as a factor of recession and lower growth, and then the average …
Persistent link: https://www.econbiz.de/10015256117
This paper evaluates dynamic correlation between growth of Industry and Mine sector and crude oil price in Iran over the period of 1367:1 to 1389:4, with emphasis on the origin of oil price shocks. We apply Dynamic Conditional Correlation (DCC) model to estimate dynamic correlation. Our results...
Persistent link: https://www.econbiz.de/10015256130