CEU Electronic Theses and Dissertations, 2011
| Author | Saparbayev, Rahman |
|---|---|
| Title | The Impact of Natural Gas Price Shock on Economy: Case of Canada and Norway |
| Summary | Due to the hight importance of natural gas price fluctuation, the impact of natural gas price shock was estimated for two major natural gas exporting countries. Using quarterly data for the period 1993:Q1 - 2008:Q2 for Canada and Norway, VAR model was employed in order to estimate the effect of natural gas price change on five of several major macroeconomic variables. Using linear specification of natural gas price shock I found that both countries are slightly vulnerable to gas price shocks. Due to the shock in natural gas price a significant impact was found for Canadian GDP and net export, and the only significant impact on Norwegian GDP. These results were obtained due to the share of natural gas revenue in countries’ GDP and due to the country regulations. |
| Supervisor | Ratfai, Atilla |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2011/saparbayev_rahman.pdf |
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