Crude oil price: Demand, supply, economic activity, economic policy uncertainty and wars: from the perspective of structural equation modelling (SEM)
We studied the relationship between the change in the price of oil and some of its determinants, using a structural equation model. The demand for oil is confirmed to be inelastic to the change in oil price during our sampling period. Economic activity is found to be the most significant factor in e...
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| Format: | Article |
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Elsevier
2017
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| Online Access: | https://eprints.nottingham.ac.uk/51999/ |