Oil prices and unemployment: empirical evidence from Brazil

Detalhes bibliográficos
Autor(a) principal: Ferreira, Afonso
Data de Publicação: 2004
Outros Autores: Aguirre, Antonio
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Economia Aplicada
Texto Completo: https://www.revistas.usp.br/ecoa/article/view/220289
Resumo: In this study we present empirical evidence for the existence of a long-run relation between the rate of unemployment in Brazil and the price of energy plus the real interest rate. After establishing the existence of cointegration among those variables, we estimate the long-run coefficients relating the real interest rate and the real price of oil to the rate of unemployment. Our results show that a doubling of the price of oil tends to bring about an absolute increase of 1.6 percentage points in the unemployment rate.
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spelling Oil prices and unemployment: empirical evidence from Brazilunemployment rateoil pricesIn this study we present empirical evidence for the existence of a long-run relation between the rate of unemployment in Brazil and the price of energy plus the real interest rate. After establishing the existence of cointegration among those variables, we estimate the long-run coefficients relating the real interest rate and the real price of oil to the rate of unemployment. Our results show that a doubling of the price of oil tends to bring about an absolute increase of 1.6 percentage points in the unemployment rate.Universidade de São Paulo, FEA-RP/USP2004-06-10info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/22028910.11606/1413-8050/ea220289Economia Aplicada; Vol. 8 Núm. 3 (2004); 401-411Economia Aplicada; Vol. 8 No. 3 (2004); 401-411Economia Aplicada; v. 8 n. 3 (2004); 401-4111980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPenghttps://www.revistas.usp.br/ecoa/article/view/220289/201177Copyright (c) 2004 Economia Aplicadahttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessFerreira, Afonso Aguirre, Antonio 2023-12-14T17:46:26Zoai:revistas.usp.br:article/220289Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2023-12-14T17:46:26Economia Aplicada - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv Oil prices and unemployment: empirical evidence from Brazil
title Oil prices and unemployment: empirical evidence from Brazil
spellingShingle Oil prices and unemployment: empirical evidence from Brazil
Ferreira, Afonso
unemployment rate
oil prices
title_short Oil prices and unemployment: empirical evidence from Brazil
title_full Oil prices and unemployment: empirical evidence from Brazil
title_fullStr Oil prices and unemployment: empirical evidence from Brazil
title_full_unstemmed Oil prices and unemployment: empirical evidence from Brazil
title_sort Oil prices and unemployment: empirical evidence from Brazil
author Ferreira, Afonso
author_facet Ferreira, Afonso
Aguirre, Antonio
author_role author
author2 Aguirre, Antonio
author2_role author
dc.contributor.author.fl_str_mv Ferreira, Afonso
Aguirre, Antonio
dc.subject.por.fl_str_mv unemployment rate
oil prices
topic unemployment rate
oil prices
description In this study we present empirical evidence for the existence of a long-run relation between the rate of unemployment in Brazil and the price of energy plus the real interest rate. After establishing the existence of cointegration among those variables, we estimate the long-run coefficients relating the real interest rate and the real price of oil to the rate of unemployment. Our results show that a doubling of the price of oil tends to bring about an absolute increase of 1.6 percentage points in the unemployment rate.
publishDate 2004
dc.date.none.fl_str_mv 2004-06-10
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/220289
10.11606/1413-8050/ea220289
url https://www.revistas.usp.br/ecoa/article/view/220289
identifier_str_mv 10.11606/1413-8050/ea220289
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/220289/201177
dc.rights.driver.fl_str_mv Copyright (c) 2004 Economia Aplicada
http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2004 Economia Aplicada
http://creativecommons.org/licenses/by-nc/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
dc.source.none.fl_str_mv Economia Aplicada; Vol. 8 Núm. 3 (2004); 401-411
Economia Aplicada; Vol. 8 No. 3 (2004); 401-411
Economia Aplicada; v. 8 n. 3 (2004); 401-411
1980-5330
1413-8050
reponame:Economia Aplicada
instname:Universidade de São Paulo (USP)
instacron:USP
instname_str Universidade de São Paulo (USP)
instacron_str USP
institution USP
reponame_str Economia Aplicada
collection Economia Aplicada
repository.name.fl_str_mv Economia Aplicada - Universidade de São Paulo (USP)
repository.mail.fl_str_mv ||revecap@usp.br
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