Moshiri, Saeed; Kheirandish, Elham - 2022
Oil price shocks impact the global economy, but the effects are not alike across the countries. While higher oil prices … opposite is also true for the lower oil prices. Nonetheless, international trade may mitigate the direct impacts of oil price … shocks on both groups of countries. While the literature on the direct impact of oil price shocks on either oil-exporting or …