ABSTRACT
ESSAYS O THE IMPACT OF OIL PRICE SHOCKS O THE
Advisor: Dr. Ana María Herrera
Major: Economics
Degree: Doctor of Philosophy
MACROECOOMY
by
LATIKA GUPTA LAGALO
December 2011
This dissertation analyzes the relationship between oil price and industrial production.
use recently developed methods and techniques to investigate the functional form and
structural stability of the relationship between oil prices and industrial production. In my
first chapter, I use both slope-based tests and impulse response based tests to provide
evidence of nonlinearity in the response of U.S. industrial production to oil price shocks
My second essay further empirically assesses the presence (or absence) of asymmetry in
the response of industrial production to real oil price shocks using a sample of 18
industrialized economies using various nonlinear transformations of the price of oil. In
my third essay I examine the impact of demand and supply shocks in the crude oil marke
on industrial production in the U.S. as opposed to treating oil price shocks as exogenous.
","abstract_html":"<p>ABSTRACT </p> <p>ESSAYS O THE IMPACT OF OIL PRICE SHOCKS O THE </p> <p>Advisor: Dr. Ana María Herrera </p> <p>Major: Economics </p> <p>Degree: Doctor of Philosophy </p> <p>MACROECOOMY </p> <p>by </p> <p>LATIKA GUPTA LAGALO </p> <p>December 2011 </p> <p>This dissertation analyzes the relationship between oil price and industrial production. </p> <p>use recently developed methods and techniques to investigate the functional form and</p> <p>structural stability of the relationship between oil prices and industrial production. In my</p> <p>first chapter, I use both slope-based tests and impulse response based tests to provide</p> <p>evidence of nonlinearity in the response of U.S. industrial production to oil price shocks</p> <p>My second essay further empirically assesses the presence (or absence) of asymmetry in</p> <p>the response of industrial production to real oil price shocks using a sample of 18</p> <p>industrialized economies using various nonlinear transformations of the price of oil. In</p> <p>my third essay I examine the impact of demand and supply shocks in the crude oil marke</p> <p>on industrial production in the U.S. as opposed to treating oil price shocks as exogenous.</p>","abstract_has_math":false,"creators":["Lagalo, Latika Gupta"],"institution":null,"degree_name":"Ph.D.","degree_level":"Open Access Dissertation","degree_discipline":"Economics","degree_department":null,"school":null,"contributors":["ANA MARIA HERRERA"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2011,"date_issued":"2011-01-01T08:00:00Z","date_published":"2011-01-01T08:00:00Z","updated_at":"2026-07-24T05:59:19Z","subjects":["asymmetry","industrial production","oil demand shocks","Oil price","oil supply shocks","shocks","Economics"],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"https://digitalcommons.wayne.edu/oa_dissertations/605","outbound_label":"Repository record","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["ANA MARIA HERRERA"]},{"key":"dc:creator","label":"Author","values":["Lagalo, Latika Gupta"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.available","label":"Dc Date Available","values":["2011-01-01T08:00:00Z"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Economics"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Open Access Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Ph.D."]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["asymmetry","industrial production","oil demand shocks","Oil price","oil supply shocks","shocks","Economics"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["https://digitalcommons.wayne.edu/oa_dissertations/605"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["ABSTRACT
ESSAYS O THE IMPACT OF OIL PRICE SHOCKS O THE
Advisor: Dr. Ana María Herrera
Major: Economics
Degree: Doctor of Philosophy
MACROECOOMY
by
LATIKA GUPTA LAGALO
December 2011
This dissertation analyzes the relationship between oil price and industrial production.
use recently developed methods and techniques to investigate the functional form and
structural stability of the relationship between oil prices and industrial production. In my
first chapter, I use both slope-based tests and impulse response based tests to provide
evidence of nonlinearity in the response of U.S. industrial production to oil price shocks
My second essay further empirically assesses the presence (or absence) of asymmetry in
the response of industrial production to real oil price shocks using a sample of 18
industrialized economies using various nonlinear transformations of the price of oil. In
my third essay I examine the impact of demand and supply shocks in the crude oil marke
on industrial production in the U.S. as opposed to treating oil price shocks as exogenous.
"]},{"key":"dc:title","label":"Title","values":["Essays On The Impact Of Oil Price Shocks On The Macroeconomy"]}]}],"canonical_facts":{"dc:contributor":["ANA MARIA HERRERA"],"dc:creator":["Lagalo, Latika Gupta"],"dc:date.available":["2011-01-01T08:00:00Z"],"dc:description.abstract":["ABSTRACT
ESSAYS O THE IMPACT OF OIL PRICE SHOCKS O THE
Advisor: Dr. Ana María Herrera
Major: Economics
Degree: Doctor of Philosophy
MACROECOOMY
by
LATIKA GUPTA LAGALO
December 2011
This dissertation analyzes the relationship between oil price and industrial production.
use recently developed methods and techniques to investigate the functional form and
structural stability of the relationship between oil prices and industrial production. In my
first chapter, I use both slope-based tests and impulse response based tests to provide
evidence of nonlinearity in the response of U.S. industrial production to oil price shocks
My second essay further empirically assesses the presence (or absence) of asymmetry in
the response of industrial production to real oil price shocks using a sample of 18
industrialized economies using various nonlinear transformations of the price of oil. In
my third essay I examine the impact of demand and supply shocks in the crude oil marke
on industrial production in the U.S. as opposed to treating oil price shocks as exogenous.
"],"dc:identifier":["https://digitalcommons.wayne.edu/oa_dissertations/605"],"dc:subject":["asymmetry","industrial production","oil demand shocks","Oil price","oil supply shocks","shocks","Economics"],"dc:title":["Essays On The Impact Of Oil Price Shocks On The Macroeconomy"],"thesis:degree_discipline":["Economics"],"thesis:degree_level":["Open Access Dissertation"],"thesis:degree_name":["Ph.D."]},"updated_at":"2026-07-24T05:59:19Z"}