State of Shocks Synchronization among Members of the GCC
Why is this work in the frame?
A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.
No Canadian affiliation. An affiliation-only frame — the usual design — would never have seen this work. It is one of the works that make the case for inverting the frame.
The three-model screen
all 1,000 screened works →All three models called this out of scope.
Macroeconomic SVAR analysis of supply and demand shocks in GCC countries.
This paper studies macroeconomic shock synchronization, not research.
Macroeconomics of GCC supply and demand shocks, not science of science.
Abstract
This paper examines fluctuations of aggregate supply and demand shocks across the GCC countries. It argues that the world oil price influences aggregate demand and supply of these countries. Thus, in contrast to other studies, a SVAR model is used to identify structural shocks by including the oil price. The aggregate supply and demand shocks are then analyzed. The correlations of supply shocks among the member countries are either negative or low positive. Similarly, the correlations of demand shocks, except few pairs of countries, are also negative and low positive. Thus, shocks are not synchronized. These results are different than the results found in other similar studies probably due to the model specification. The implication of the findings is that the GCC countries would find it difficult to adjust supply and demand shocks if they form their aspired Gulf Monetary Union.
Stored with the screening record, where it is evidence for the labels above.
The record
- Venue
- Research in World Economy
- Topic
- Market Dynamics and Volatility
- Field
- Economics, Econometrics and Finance
- Canadian institutions
- —
- Funders
- —
- Keywords
- Aggregate demandEconomicsDemand shockSupply shockOil supplySupply and demandMonetary economicsAggregate supplyOil priceAggregate (composite)Money supplySynchronization (alternating current)EconometricsMacroeconomicsMonetary policy
- Has abstract in OpenAlex
- yes