Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/69986
Authors: 
De Schryder, Selien
Peersman, Gert
Year of Publication: 
2013
Series/Report no.: 
CESifo Working Paper: Energy and Climate Economics 4126
Abstract: 
Using recent advances in panel data estimation techniques, we find that an appreciation of the US dollar exchange rate leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to be much larger than the impact of a shift in the global crude oil price expressed in US dollar. Furthermore, the effect of the US dollar on oil demand tends to be declining over time and, for a subsample of OECD countries, stronger for an appreciation compared to a depreciation of the US dollar.
Subjects: 
oil demand
US dollar exchange rate
panel data
nonlinearities
JEL: 
C33
F31
Q41
Document Type: 
Working Paper

Files in This Item:
File
Size
462.24 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.