Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

DearIn the picture the results analysis of panel regression models, this paper first use SVAR model to disentangle the oil price to three shocks 1-

DearIn the picture the results analysis of panel regression models, this paper first use SVAR model to disentangle the oil price to three shocks 1- oil supply shocks2- Aggregate demand shocks3- oil specific demand shocksThen use the three innovations shocks in the panel regression model to study the impact of these shocks on oil trade balance:My question:What is the interpretation of the estimated coefficients in the panel regression , is there any economic unit interpretation for the coefficients?How we can interpret economically?

image text in transcribed
Table 3 Linear effects of oil price shocks on high and middle-income oil in Oil Trade Balance POLS MG AMG OS 5t-1 0.003 0.005*** 0.011*** [0.003] [0.001] [0.001] ogd -0.009*#* -0.009*** -0.004*** St- 1 [0.002] [0.002] [0.001] rod -0.007*** -0.006** * -0.009*** 5t- 1 [0.001] [0.001] [0.001]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics Of The Environment Selected Readings

Authors: Robert Stavins

6th Edition

0393913406, 9780393913408

More Books

Students also viewed these Economics questions

Question

1. Avoid conflicts in the relationship

Answered: 1 week ago

Question

1. What will happen in the future

Answered: 1 week ago