The dynamic relationship between the US GDP,imports and domestic production of crude oil |
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| Authors: | Imad Jabir |
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| Institution: | 1. Department of Finance and Economics , King Fahd University of Petroleum and Minerals , PO Box 1606, Dhahran 31261, Saudi Arabia imadjabir@yahoo.com |
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| Abstract: | This article investigates the dynamic relationship between crude oil imports, gross domestic product (GDP) and domestic crude oil production of the United States using a Vector Error Correction model estimation, generalized impulse response functions, persistence profile and variance decompositions. This article results suggest that the GDP has a leading role in determining oil imports. |
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