期刊名称：Topics in Middle Eastern and North African Economies
出版年度：2016
卷号：18
期号：1
页码：185
出版社：Loyola University Chicago
摘要：This paper aims to examine the effects of oil price shocks on the manufacturing sector in Saudi Arabia during the period 2002 – 2014, using quarterly data. A unit root test was conducted, in which the data were shown to be non-stationary in the level, and they became stationary in the first difference for all variables. The co-integration model was applied, and the results indicated that no co-integrating equation exists, which means that there is no long run effect of oil price shocks on the manufacturing sector. So, we estimate a Vector Auto Regressive model, the results of which implied that oil price shocks do not affect in the manufacturing sector in the short run, and it may have an effect on the manufacturing sector after 10 quarter according to the impulse response function.
关键词：Oil prices; Manufacturing sector; Saudi Arabia economy; VAR
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