Relationship between oil prices and real exchange rates: the case of Angola

Detalhes bibliográficos
Autor(a) principal: Marques, António Manuel Marques da Silva e Abrantes
Data de Publicação: 2018
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/32319
Resumo: This paper examines the long-run synergies between oil prices and real exchange rates in Angola, between January 2002 and July 2017. Our study considers both the official and the parallel market exchange rate. To achieve this, standard integration/co-integration techniques were conducted, and an error correction model was estimated. Our results reject the purchasing power parity hypothesis and present evidence of long-run co-movements between oil prices and real exchange rates. Moreover, examination of the short-run dynamics displays evidence of unilateral Granger causality from oil prices to real exchange rates.
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spelling Relationship between oil prices and real exchange rates: the case of AngolaReal exchange ratesoil pricesCo-integrationError-Correction modelDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis paper examines the long-run synergies between oil prices and real exchange rates in Angola, between January 2002 and July 2017. Our study considers both the official and the parallel market exchange rate. To achieve this, standard integration/co-integration techniques were conducted, and an error correction model was estimated. Our results reject the purchasing power parity hypothesis and present evidence of long-run co-movements between oil prices and real exchange rates. Moreover, examination of the short-run dynamics displays evidence of unilateral Granger causality from oil prices to real exchange rates.Freitas, Miguel Lebre deRUNMarques, António Manuel Marques da Silva e Abrantes2021-01-20T01:30:26Z2018-01-202018-01-20T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/32319TID:201861453enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:17:59Zoai:run.unl.pt:10362/32319Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:29:50.429951Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Relationship between oil prices and real exchange rates: the case of Angola
title Relationship between oil prices and real exchange rates: the case of Angola
spellingShingle Relationship between oil prices and real exchange rates: the case of Angola
Marques, António Manuel Marques da Silva e Abrantes
Real exchange rates
oil prices
Co-integration
Error-Correction model
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Relationship between oil prices and real exchange rates: the case of Angola
title_full Relationship between oil prices and real exchange rates: the case of Angola
title_fullStr Relationship between oil prices and real exchange rates: the case of Angola
title_full_unstemmed Relationship between oil prices and real exchange rates: the case of Angola
title_sort Relationship between oil prices and real exchange rates: the case of Angola
author Marques, António Manuel Marques da Silva e Abrantes
author_facet Marques, António Manuel Marques da Silva e Abrantes
author_role author
dc.contributor.none.fl_str_mv Freitas, Miguel Lebre de
RUN
dc.contributor.author.fl_str_mv Marques, António Manuel Marques da Silva e Abrantes
dc.subject.por.fl_str_mv Real exchange rates
oil prices
Co-integration
Error-Correction model
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Real exchange rates
oil prices
Co-integration
Error-Correction model
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This paper examines the long-run synergies between oil prices and real exchange rates in Angola, between January 2002 and July 2017. Our study considers both the official and the parallel market exchange rate. To achieve this, standard integration/co-integration techniques were conducted, and an error correction model was estimated. Our results reject the purchasing power parity hypothesis and present evidence of long-run co-movements between oil prices and real exchange rates. Moreover, examination of the short-run dynamics displays evidence of unilateral Granger causality from oil prices to real exchange rates.
publishDate 2018
dc.date.none.fl_str_mv 2018-01-20
2018-01-20T00:00:00Z
2021-01-20T01:30:26Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/32319
TID:201861453
url http://hdl.handle.net/10362/32319
identifier_str_mv TID:201861453
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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