A Test of Time Reversibility Based on L-Moments with an Application to the Business Cycles of the G7 Economies
In: University of Milan Bicocca Department of Economics, Management and Statistics Working Paper No. 445
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In: University of Milan Bicocca Department of Economics, Management and Statistics Working Paper No. 445
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In: FCC Document Report No. CERN-ACC-2018-0014
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In: Review of Environment, Energy and Economics (Re3), June 2015
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In: FEEM Working Paper No. 11
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In: FEEM Working Paper No. 11
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In: University of Milan Bicocca Department of Economics, Management and Statistics Working Paper No. 394
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In: FEEM Working Paper No. 22.2017
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In: FEEM Working Paper No. 73.2016
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The security of energy supply is a key geopolitical factor in the relationship between the European Union and the southern neighborhood countries of the Middle East and North Africa region. We study the response of eight Mediterranean economies to exogenous oil supply shocks. We focus on the effects on economic activity - as measured by real Gross Value Added - for the whole economy, as well as for selected industries. We show that there are clear patterns characterizing the response of different economies to an unexpected reduction in global oil production. The main determinants of these patterns are the degree of energy intensity and energy dependence of the country, as well as the composition of its Gross Value Added.
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In: FEEM Working Paper No. 100.2015
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In: University of Milan Bicocca Department of Economics, Management and Statistics Working Paper No. 269
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In: FEEM Working Paper No. 21.2014
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