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Essay Details:
Essay text:
Using yearly data for the Malaysia real GDP from (1970) and world oil price from (2007)
Keywords: GDP, Oil Price, ADF Unit Root Test, Cointegration Test and Granger Causality.
1.0 INTRODUCTION
The aim of this paper is to investigate the impact of these variables on Malaysia GDP by using the most recent time series data and also reexamine the empirical link between oil price shocks and GDP, which has been well documented in the literature, to produce additional evidence. A growing body of literature has provided evidence on several features of empirical relationship between oil price shocks and GDP...
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Common topics in this essay:
- the impact of oil price shock on malaysia real gdp growth
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