TY  - BOOK
AU  - Barlet,Muriel
AU  -  Crusson,Laure
TI  - How Have Changes in the Price of Oil Impacted French Economic Growth?
PY  - 2009///.
							
N1  - 47
N2  - The two “oil shocks” of the 1970s cut French GDP growth. Since that period, sudden oil-price increases have been viewed as a major cause of economic slowdown. We estimate VAR models and Markov-Switching models to evaluate the impact of oil-price rises on French growth. Our results indicate a breakdown of the link between oil prices and economic activity in the early 1980s. Over the period 1980-2006, our estimates show a slight negative effect of oil-price increases only in low-growth phases. Our models also point to slacker foreign demand after an oil-price rise – a phenomenon that indirectly affects GDP growth
UR  - https://shs.cairn.info/journal-economie-et-prevision-1-2009-2-page-23?lang=en&redirect-ssocas=7080
ER  -