Please use this identifier to cite or link to this item:
|Title:||Oil price fluctuations and Singapore economy|
|Authors:||Chang, Y. |
Oil price fluctuations
|Citation:||Chang, Y., Wong, J.F. (2003). Oil price fluctuations and Singapore economy. Energy Policy 31 (11) : 1151-1165. ScholarBank@NUS Repository. https://doi.org/10.1016/S0301-4215(02)00212-4|
|Abstract:||This study finds that the impact of an oil price shock on the Singapore economy is marginal. Both impulse response and variance decomposition analysis provide reasonable grounds to believe that the impact only had an insignificant adverse effect on Singapore's gross domestic product (GDP), inflation and unemployment rates. Further analysis on two oil vulnerability measures supports the finding: The declining trend of oil intensity in Singapore since 1989 and the declining shares of the Singapore's expenditure on oil consumption as a percentage of its nominal GDP. This study identifies, however, that the impact of an oil price shock on the Singapore economy should not be considered negligible even though it is small. © 2003 Elsevier Science Ltd. All rights reserved.|
|Source Title:||Energy Policy|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Dec 12, 2018
WEB OF SCIENCETM
checked on Dec 4, 2018
checked on Dec 9, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.