Do oil prices predict economic growth? New global evidence

In this paper, we test whether oil price predicts economic growth for 28 developed and 17 developing countries. We use predictability tests that account for the key features of the data, namely, persistency, endogeneity, and heteroskedasticity. Our analysis considers a large number of countries, shows evidence of more out-of-sample predictability with nominal than real oil prices, finds in-sample predictability to be independent of the use of nominal and real prices, and reveals greater evidence of predictability for developed countries.

A forecast of world oil prices

Includes bibliography

Nuevos precios del petróleo y la industria eléctrica en América Latina = New oil prices and the Latin American electricity industry

Incluye Bibliografía

World oil prices: prospects and implications for energy policy-makers in Latin America's oil-deficit countries

Includes bibliography

Low oil prices and the Illinois oil industry : effects, outlook, and policy recommendations /

Includes bibliographical references (p. 14).

Rising oil prices, executive branch policy, and U.S. security implications : hearing before the Committee on Governmental Affairs, United States Senate, One Hundred Sixth Congress, second session, March 24, 2000.

Shipping list no.: 2000-0331-P (pt. [1]), 2001-0033-P (pt. 2).