Estimating Long-run Elasticity between Crude Oil Consumption, Real Oil Price, and Real GDP in Global Markets
The study examine the long-run relationship between crude oil consumption, real oil price, and real GDP using a quarterly time series from 1993 to 2020. the empirical analysis uses the Dynamic Least Squares (DOLS) model for both short-run and long-run elasticity among the model variables to estima...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
College of Education, Al-Iraqia University
2023-03-01
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| Series: | Iraqi Journal for Computer Science and Mathematics |
| Subjects: | |
| Online Access: | https://journal.esj.edu.iq/index.php/IJCM/article/view/487 |