This thesis empirically analyzes the effects of oil price shocks on three transition countries of
which Kazakhstan and Russia are oil exporters, and Ukraine is an oil importer. Employing …

Due to the high dependence on oil revenues, oil price fluctuations have a significant impact
on the Azerbaijani economy. As such, it is important that we should know the relationship …

The Iranian economy is highly vulnerable to oil price fluctuations. This paper analyzes the
dynamic relationship between oil price shocks and major macroeconomic variables in Iran …

Many empirical studies on the oil price shock effects on the economies of oil‐exporting
countries have assumed a linear relationship between the shocks and macroeconomic …

Less analyzed, the impact of world oil prices on the economy of net oil-importing countries is
becoming more significant due to the increase in oil consumption. This paper analyzes the …

In the new global economy, oil price shocks have become a central issue for many
economists. Very sharp oil price increases cause a slowdown in economic growth. However …

Oil shocks are unobserved variables. The impacts of oil shocks on macroeconomic variables
may be different on how they are defined. Oil shocks are defined as both a price and an oil …

Since oil is a major source of energy, many sectors of the economy are directly or indirectly
dependent on oil. Therefore, oil price shocks have many important effects on the global …

In this study, we apply a structural vector autoregression (SVAR) model, combining the
global crude oil market with each emerging economy, to investigate the effects of different …

This paper analyzes the macroeconomic impact of structural oil shocks in four of the top oil-
consuming Asian economies, using a VAR model. We identify three different structural oil …