Persistence in hydrocarbon shocks
The Algerian experience
Bibliographic Data
| ID | 3979530 |
|---|---|
| Authors | Ali Abderrezak (Cumberland University, corresponding author) |
| Year | 2001 |
| Volume | 6 |
| Issue | 3 |
| Pages | 11-22 |
| Publication date | 2001-09-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journal of North African Studies (JOURNAL) |
| Journal identifiers | ISSN: 1362-9387 • E-ISSN: 1743-9345 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/13629380108718441 |
| OpenAlex | W1977921882 |
| Language | EN |
| Citations received | 2 |
| References cited | 11 |
Fluctuations in the market for energy resources have a significant impact on macro‐economic performance of modern economies. OPEC member economies are exceptionally susceptible to such variations given the dominant role of hydrocarbon resources in their exports. This study examines the persistence of shocks to Algeria's hydrocarbon sector and its implication for the country's international debt and development strategy. The method of analysis consists of the unbiased median estimator technique rather than least squares estimates of the autoregressive/unit root models. Results show that shocks to the hydrocarbon sector are long lived, implying that counter‐cyclical economic policies relying on foreign debt to bridge the gap between domestic output and consumption may not be an effective development strategy for Algeria
Autoregressive model · Consumption (sociology · Debt · Distributed lag · Econometrics · Economics · Economy · Estimator · Hydrocarbon · Macroeconomics · Monetary economics · Persistence (discontinuity · Statistics · Unit root · Chemistry · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth · Market Dynamics and Volatility · Geology
Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root
Testing for a unit root in time series regression
Maximum Likelihood Estimation and Inference on Cointegration — With Applications to the Demand for Money
Distribution of the Estimators for Autoregressive Time Series with a Unit Root
The Maghreb experience
Statistical analysis of cointegration vectors
Hydrocarbons and real output in Algeria
| Citations per year | 0.12 |
|---|---|
| Citation span | 2009 - 2013 (5) |
| Highly cited | No |