Comparative Assessment of Determinants of Real Exchange Rates with an Emphasis on Oil Price for Oil Exporting and Importing Countries
Associate Professor, Department of Agriculture Economics, University of Sistan and Baluchestan, email@example.com
MA in Economics, University of Sistan and Baluchestan, firstname.lastname@example.org
Received: 2012/09/17 Accepted: 2013/06/17
Oil price change is one of the most important economic factors that impacts oil importing and exporting countries, with the real exchange rate as the link between global oil price changes and national economies. These indices crude oil prices and exchange rate and the relation among them have crucial role for every country, especially those that are directly dependent to the import and export of oil.
This survey investigates the way real oil prices affects real exchange rate in oil exporting and importing countries, using panel data for the period 1993 to 2009, to compare the two groups of countries. The findings show that the relationship between real oil prices and real exchange rates are significant in both groups of countries.
JEL Classification: F31, Q43, C23
Keywords: Real Oil Price, Real Exchange Rate, Oil Exporter, Oil Importer, Panel Data Method.
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