References
- Alkhateeb, T. T. Y., Mahmood, H., and Sultan, Z. A. 2016. The relationship between exports and economic growth in Saudi Arabia. Asian Soc. Sci. 12:117–124.
- Alkhathlan, K. A. 2013. Contribution of oil in economic growth of Saudi Arabia. Appl. Econ. Lett. 20:343–348.
- Ayadi, O. F. 2005. Oil price fluctuations and the Nigerian economy. OPEC Rev. 29:199–217.
- Balke, N. S., Brown, S. P. A., and Yücel, M. K. 2002. Oil price shocks and the U.S. economy: Where does the asymmetry originate? Energy J. 23:27–52.
- Banerjee, A., Dolado, J., and Mestre, R. 1998. Error-correction mechanism tests in a single equation framework. J. Time Ser. Anal. 19:267–285.
- Berument, H., and Ceylan, N. B. 2010. The impact of oil price shocks on the economic growth of the selected MENA countries. Energy J. 31:149–176.
- Bollino, C. A. 2007. Oil prices and the U.S. trade deficit. J. Policy Model. 29:729–738.
- Cunado, J., and Gracia, F. P. 2005. Oil prices, economic activity and inflation: Evidence from some Asian countries. Q. Rev. Econ. Finance. 45:65–83.
- Eltony, M. N., and Al-Awadi, M. 2001. Oil price fluctuations and their impact on the macroeconomic variables of Kuwait: A case study using a VAR model. Int. J. Energ. Res. 25:939–959.
- Guo, H., and Lkiesen, K. 2005. Oil price volatility and U.S. macroeconomic activity. Federal Reserve Bank of St Louis Rev. 87:669–683.
- Jbir, R., and Zouari-Ghorbel, S. 2010. The role of subsidy policy in oil price shocks: the Moroccan case. Energ. Stud. Rev. 17:43–60.
- Lardic, S., and Mignon, V. 2008. Oil prices and economic activity: an asymmetric cointegration approach. Energ. Econ. 30:847–855.
- Levin, A. T., and Loungani, P. N. 1996. Oil, money, and economic activity in the G-7 Countries: Implications of the FRB/MCM. Paper Presented at the DOE Conference. International Energy Security: Economic Vulnerability to Oil Price Shocks, Washington.
- Malik, A. 2010. Oil prices and economic activity in Pakistan. South Asia Econ. J. 11:223–244.
- Mork, K. A., Olsen, Ø., and Mysen, H. T. 1994. Macroeconomic responses to oil price increases and decreases in seven OECD countries. Energy J. 15:19–35.
- Mory, J. F. 1993. Oil prices and economic activity: Is the relationship symmetric? Energy J. 14:151–162.
- Olomola, P. A., and Adejumo, A. V. 2006. Oil price shock and macroeconomic activity in Nigeria. Int. Res. J. Finance Econ. 3:28–34.
- Papapetrou, E. 2001. Oil price shocks, stock market, economic activity and employment in Greece. Energ. Econ. 23:511–532.
- Papapetrou, E. 2013. Oil prices and economic activity in Greece. Econ. Change Restruct. 46:385–397.
- Pesaran, M. H., Shin, Y., and Smith, R. J. 2001. Bounds testing approaches to the analysis of level relationships. J. Appl. Econ. 16:289–326.
- Rafiq, S., Salim, R., and Bloch, H. 2009. Impact of crude oil price volatility on economic activities: An empirical investigation in the Thai economy. Resour. Policy. 34:121–132.
- Shin, Y., Yu, B. C., and Greenwood-Nimmo, M. 2014. Modelling asymmetric cointegration and dynamic multipliers in a nonlinear ARDL framework. In Festschrift in Honor of Peter Schmidt: Econometric Methods and Applications, Sickels, R. and Horrace, W. (Eds.). New York, NY: Springer, pp. 281–314.
- Umekwe, M., and Baek, J. . 2017. Do oil prices really matter to U.S. shale oil production? Energ. Source Part B 12:268–274.