WPŁYW CEN ROPY NAFTOWEJ NA PRODUKCJĘ I INFLACJĘ W WYBRANYCH PAŃSTWACH UNII EUROPEJSKIEJ

• Authors: Geise Andrzej

Title variants

EN

THE IMPACT OF CRUDE OIL PRICES ON PRODUCTION AND INFLATION IN SELECTED EU COUNTRIES

• Languages of publication: PL

Abstracts

PL

Artykuł ten porusza problem zależności między cenami surowców a aktywnością gospodarczą w kontekście zmian strukturalnych wywołanych kryzysem finansowym w wybranych krajach Unii Europejskiej. Głównym celem pracy jest analiza przyczynowości w sensie Grangera oraz analiza odpowiedzi impulsowych dla cen ropy naftowej, produkcji oraz inflacji w Niemczech, Francji, Danii, Holandii, Polsce, Czechach i UE dla okresu od 01.1995 do 04.2014 r. Wyniki empiryczne pokazują, że w badanych gospodarkach istnieje jednokierunkowa zależność przyczynowa w sensie Grangera od cen ropy do produkcji i inflacji w badanych gospodarkach.

EN

In this article, we examine empirically the relationship between resources prices and economic activity in the presence of structural break due to financial crisis in selected European Union countries. The primary objective is to investigate and analyze the Granger causal relationships and impulse response function between oil prices, production and inflation in Germany, France, Denmark, Nederland, Poland, Czech Republic and EU in period 01.1995-04.2014. Granger causality tests provide evidence that there is unidirectional causality running from oil prices to production and inflation.

Keywords

PL

ceny ropy naftowej; aktywność gospodarcza; przyczynowość w sensie Grangera; funkcja odpowiedzi impulsowej

EN

crude oil prices; economic activity; Granger causality; impulse response function

• Publisher: Katedra Ekonometrii i Statystyki, Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
• Journal: Metody Ilościowe w Badaniach Ekonomicznych
• Year: 2015
• Volume: 16
• Issue: 3
• Pages: 48-59

Dates

published

2015

Contributors

author

Geise Andrzej

• Katedra Ekonometrii i Statystyki, Uniwersytet Mikołaja Kopernika w Toruniu

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