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The Brunt of Oil Demand and US-Dollar Exchange Rate: Evidence From Net-Oil Importing Countries in Sub-Saharan Africa.
| Content Provider | Semantic Scholar |
|---|---|
| Author | Sene, Seydina Ousmane Mishra, Ashok K. |
| Copyright Year | 2015 |
| Abstract | The objective of this paper is to investigate the impact of the US dollar exchange rate on oil demand in net importing oil countries of Sub-Saharan Africa. Given that Global real Crude oil prices are exclusively denominated in US dollars, therefore, we tests the hypothesis that, the variation in the dollar exchange rate affect the demand for crude oil in net imported oil countries whose currency, non-US dollars are used to buy petroleum products in the world and domestic market of oil. This important because, when oil prices are at record levels in dollar terms, generally the price of oil in euro lags behind and won't increase until few month later but not in other currencies. We use a multivariate specification of error correction model and test for nonlinearity issues pertaining to the effect of US-dollar exchange rate on oil demand. The results are analyze via the impact of US-Dollars exchange rate on the of terms of trade, firms performances and farm household productivity |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://tind-customer-agecon.s3.amazonaws.com/90f79892-5537-4c4e-8cff-b6cde72af3b8?AWSAccessKeyId=AKIAXL7W7Q3XHXDVDQYS&Expires=1568024675&Signature=lTPXiiCu8H/qyLZv2xD83Glh1R4%3D&response-content-disposition=attachment%3B+filename*%3DUTF-8''The%2520Brunt%2520of%2520Oil%2520Demand%2520and%2520US.pdf&response-content-type=application/pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |