Abstract
This article investigates the dynamic relationship between crude oil imports, gross domestic product (GDP) and domestic crude oil production of the United States using a Vector Error Correction model estimation, generalized impulse response functions, persistence profile and variance decompositions. This article results suggest that the GDP has a leading role in determining oil imports.
| Original language | English |
|---|---|
| Journal | Applied Economics |
| State | Published - 2009 |
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