{"id":6528,"date":"2021-07-12T16:04:43","date_gmt":"2021-07-12T08:04:43","guid":{"rendered":"https:\/\/www.ukm.my\/jem\/?post_type=article&#038;p=6528"},"modified":"2022-07-27T07:05:36","modified_gmt":"2022-07-26T23:05:36","slug":"the-effect-of-asymmetrical-relationship-of-oil-price-shocks-on-gross-domestic-product","status":"publish","type":"article","link":"https:\/\/www.ukm.my\/jem\/article\/the-effect-of-asymmetrical-relationship-of-oil-price-shocks-on-gross-domestic-product\/","title":{"rendered":"The Effect of Asymmetrical Relationship of Oil Price Shocks on Gross Domestic Product"},"content":{"rendered":"<p><em>This paper revisits the asymmetrical crude oil prices-Gross Domestic Product (GDP) relationship for Malaysia and Indonesia using Hansen (2000) Threshold regression method. The empirical analysis uses quarterly data for the period of 1990 (quarter 1) until 2018 (quarter 1). \u00a0The paper confirms the nonlinearities in the oil price-GDP relationship for Malaysia and Indonesia. The findings reveal that when oil prices are below USD37, oil price shocks have a negative impact on Malaysian GDP, but positively affect GDP when oil price are between USD37 to USD55. Indonesia\u2019s GDP, on the other hand, responds favourably to changes in oil prices when they are below USD47, but negatively affects GDP when oil price exceeds USD47. Both countries\u2019 GDP responses to oil price shocks are linked to the issues such as the degree of oil dependency, oil self-sufficiency, and government efficiency in managing revenue from the oil sector and the ease with which critical policy adjustments take place. <\/em><\/p>\n","protected":false},"template":"","tags":[618,1289,1290,787,1291],"jel-code":[1292,1293,1285,1278],"article-type":[1329],"class_list":["entry","author-asriwn","post-6528","article","type-article","status-publish","tag-asymmetric","tag-crude-oil-price","tag-gdp","tag-nonlinear","tag-threshold-value","jel-code-b27","jel-code-c24","jel-code-c32","jel-code-f41","article-type-normal-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Effect of Asymmetrical Relationship of Oil Price Shocks on Gross Domestic Product | Jurnal Ekonomi Malaysia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ukm.my\/jem\/article\/the-effect-of-asymmetrical-relationship-of-oil-price-shocks-on-gross-domestic-product\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Effect of Asymmetrical Relationship of Oil Price Shocks on Gross Domestic Product | Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"og:description\" content=\"This paper revisits the asymmetrical crude oil prices-Gross Domestic Product (GDP) relationship for Malaysia and Indonesia using Hansen (2000) Threshold regression method. The empirical analysis uses quarterly data for the period of 1990 (quarter 1) until 2018 (quarter 1). \u00a0The paper confirms the nonlinearities in the oil price-GDP relationship forContinue Reading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ukm.my\/jem\/article\/the-effect-of-asymmetrical-relationship-of-oil-price-shocks-on-gross-domestic-product\/\" \/>\n<meta property=\"og:site_name\" content=\"Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-26T23:05:36+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@EkonomiJurnal\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/the-effect-of-asymmetrical-relationship-of-oil-price-shocks-on-gross-domestic-product\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/the-effect-of-asymmetrical-relationship-of-oil-price-shocks-on-gross-domestic-product\\\/\",\"name\":\"The Effect of Asymmetrical Relationship of Oil Price Shocks on Gross Domestic Product | Jurnal Ekonomi Malaysia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\"},\"datePublished\":\"2021-07-12T08:04:43+00:00\",\"dateModified\":\"2022-07-26T23:05:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/the-effect-of-asymmetrical-relationship-of-oil-price-shocks-on-gross-domestic-product\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/the-effect-of-asymmetrical-relationship-of-oil-price-shocks-on-gross-domestic-product\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/the-effect-of-asymmetrical-relationship-of-oil-price-shocks-on-gross-domestic-product\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"The Effect of Asymmetrical Relationship of Oil Price Shocks on Gross Domestic Product\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"name\":\"Jurnal Ekonomi Malaysia\",\"description\":\"Universiti Kebangsaan Malaysia\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\",\"name\":\"Jurnal Ekonomi Malaysia\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"contentUrl\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"width\":512,\"height\":308,\"caption\":\"Jurnal Ekonomi Malaysia\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\",\"https:\\\/\\\/x.com\\\/EkonomiJurnal\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Effect of Asymmetrical Relationship of Oil Price Shocks on Gross Domestic Product | Jurnal Ekonomi Malaysia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ukm.my\/jem\/article\/the-effect-of-asymmetrical-relationship-of-oil-price-shocks-on-gross-domestic-product\/","og_locale":"en_US","og_type":"article","og_title":"The Effect of Asymmetrical Relationship of Oil Price Shocks on Gross Domestic Product | Jurnal Ekonomi Malaysia","og_description":"This paper revisits the asymmetrical crude oil prices-Gross Domestic Product (GDP) relationship for Malaysia and Indonesia using Hansen (2000) Threshold regression method. 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