Oil price and inflation in Algeria: A nonlinear ARDL approach

Lacheheb, Miloud; Sirag, Abdalla

doi:10.1016/j.qref.2018.12.003

Cited by 89 publications

(94 citation statements)

References 33 publications

(40 reference statements)

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“…In this case, the tests revealed the existence of stability in the model because the coefficients' estimated model laid within 5% significant line for the CUSUM and CUSUM square tests. This results were similar with findings from Lacheheb (2016). Table 5 illustrates the results of the turning point obtained from NARDL estimation results in Table 4.…”

Section: Long-run Equation In Asean-5 Countriessupporting

confidence: 88%

The Impact of Tourism Demand, Government Expenditure on Education and Income on the Environment in ASEAN-5 Countries

2019

JEM

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ASEAN countries heavily rely on tourism and therefore are vulnerable towards environmental disruptions. Tourism demand (TD), government expenditure on education (GEE) and income (INC) are among the main factors that increase the total global carbon dioxide emissions which lead to climate change, hence making them the key focus areas in ASEAN-5 countries. This study analysed whether the environmental Kuznets curve (EKC) holds for all ASEAN countries from 1970 until 2014 using nonlinear autoregression distribution lag (NARDL) method. It also analyses whether all variables are asymmetric to the environment in the long-run. In the long-run, the carbon dioxide emission response could have a negative change in INC for Malaysia (MLY), India (IND), Singapore (SNG), and the Philippines (PHL). However, in Thailand (THL), the carbon dioxide emission response could lead to a positive change in INC. This study found an asymmetric long-run effect of the INC, GEE, and TD on the environment in ASEAN-5 countries. In conclusion, EKC does not hold in all cases, but is detected in some of the variables. In this case, legal regulations are needed to avoid environmental degradation due to inefficient economic mechanisms that are insufficient to reduce the total global carbon dioxide emissions.

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Section: Long-run Equation In Asean-5 Countriessupporting

confidence: 88%

The Impact of Tourism Demand, Government Expenditure on Education and Income on the Environment in ASEAN-5 Countries

2019

JEM

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“…Despite these arguments, many studies still reported significant effects of oil price changes on economy especially on domestic price/ inflation. These studies include Kargi (2014), Abounoori, Nazarian, and Amiri (2014), Jiranyakul (2016) and Lacheheb and Sirag (2016).…”

Section: Literature Reviewmentioning

confidence: 99%

Oil Price Pass-through on Domestic Inflation: Oil Importing Versus Oil Exporting Countries

Sek

Arıç²,

Chu³

2019

J. Rev. Global Econ.

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Previous studies have evident the effects of oil price changes on domestic inflation. However, such effects may vary due to oil dependency factor. This paper extends the examination on two panel groups, namely the oil importing and oil exporting countries. Each group consists of ten countries. Besides, we also compare the relative effects of oil price with other shocks (domestic output, exporter's production cost and real exchange rate) on domestic inflation (consumer price and producer price). Our results capture significant pass-through effect from oil price changes on domestic inflation at producer and consumer levels. However, oil price is not the main determinant to domestic inflation. The oil price pass-through effect differs between oil importing versus oil exporting groups across consumer and producer levels. Higher oil price causes to higher production price inflation but does not lead to higher consumer price inflation in both groups of countries. The oil price effect together with exchange rate, foreign cost production and GDP have significant long-run impact on domestic inflation in both groups of countries. The joint effects are small and not significant in the short-run. Oil dependency and effective monetary policy matter on determining the effect of oil price changes on domestic inflation.

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“…Using an augmented Phillips curve framework, LeBlacc, Chinn (2004) found that a 10% increase in oil price increases the price level by 0.1 to 0.8% in the US and European Union (EU). Employing a nonlinear autoregressive distributed lag (NARDL), a study on the Algerian economy shows that oil price increase causes inflation while oil price decrease seems unrelated to inflation both in the long and short run periods (Lacheheb, Siraj 2016). Hooker (2002) stated that oil prices significantly affect inflation in his study in two different time periods.…”

Section: The Resource Cursementioning

confidence: 99%

Does Oil Rent Increase Happiness? A Partial Efficiency Analysis of Selected African Countries

Opaleye

Nwachukwu

2019

Trends Economics and Management

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Purpose of the article: To investigate and ascertain the impact of oil rent on happiness in selected African countries. Methodology/methods: This study employed the trend analysis to graphically illustrate some major data. It also employed the fixed effect to analyse the model and the partial efficiency analysis to rank the countries studied in terms of their efficiency in the use of oil rent to produce happiness. Scientific aim: This study examines the relationship between oil rent, the oil price, the GDP growth, the mineral rent and happiness. Findings: The results show that oil rent does not significantly increase happiness in the countries studied with Cameroun being the happiest country in the panel. Oil prices however significantly increased happiness. The study also found that the economic growth reduces happiness. Conclusions: The study provides evidence that the economic growth alone does not lead to happiness in the country if citizens are not employed and the rate of inflation continues to spiral upward. The study thus concludes that the economic growth must be inclusive in nature through government use of rents to invest in sectors that create value additions and job opportunities for citizens. The study also recommends the setting of the social safety net, as well as ensuring that inflation is properly managed.

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Oil price and inflation in Algeria: A nonlinear ARDL approach

Cited by 89 publications

References 33 publications

The Impact of Tourism Demand, Government Expenditure on Education and Income on the Environment in ASEAN-5 Countries

The Impact of Tourism Demand, Government Expenditure on Education and Income on the Environment in ASEAN-5 Countries

Oil Price Pass-through on Domestic Inflation: Oil Importing Versus Oil Exporting Countries

Does Oil Rent Increase Happiness? A Partial Efficiency Analysis of Selected African Countries

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