Oil Price

Final Project

F only 2010
Econometrics I
Jianing You

I Introduction

In the current times, susceptibility is the most crucial factor to the beas all over the globe. As is known to all, cover price has jumped tremendously during the recent decade, which has in-chief(postnominal) effects on both economic activity and macroeconomic policy. In particular, the huge growth of oil price is causing concern closely possible slowdowns in the economic doing of the most developed countries. In fact, during the economic crisis two years ago, the negative correlation between the oil price and the macroeconomic variables took on obviously, which appeals to concerns on this relation.

II Data Description

As we all know, the establishment policies in the economic or financial heavens have a significant effect on the substitute of product. In this project, I would like to do research on which factors have significant effects on the fluctuation of gross domestic product in developed countries and whether there is effect of surge of world(a) crude oil price on from each one notices Gross Domestic Product.



Besides gross domestic product and oil price, All the other variables I choose are about either macroeconomic level related to government policies, such(prenominal) as interest rate, consumer price index exchange rate, government debt and unemployment rate, or the variables related to the financial market and educational background, such as reserve assets, share prices and participation of citizens in high education, which are crucial standards to evaluate the comprehensive performance of each country in the domestic economy. What I wonder to focalize on is which factors have important effect on the GDP of these countries and the effect of change of other coefficients when adding the variable of oil price.
In this paper, I focus on 35 OECD (The Organization for economical Co-operation and Development) countries in the world, since in these countries, the constitution and implement of the policy are more accurate and thorough, which is very crucial...If you want to get a full essay, order it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper