Investigating the Effect of Oil Revenue Shocks on Business Cycles and the Synchronism of Cycles with Selected OECD Countries

Table 3

Structural vector autoregressive (SVAR) model results.

Structural VAR estimates
Sample (adjusted): 1985 2019
Included observations: 34 after adjustments
Estimation method: method of scoring (analytic) derivatives
Convergence achieved after 7 Iterations
Structural VAR is just-identified
Model: Ae = Bu where E[uu′] = I
Restriction type: long-run text form
Long-run response pattern
C(1) C(2)
0 C(3)
	Coefficient	Std. error	z-statistic	Prob.
C(1)	−0.048239	0.006446	−7.483315	0.0000
C(2)	0.150716	0.022107	6.817450	0.0000
C(3)	11.04005	1.475289	7.483315	0.0000
Log likelihood: 49.15211
Estimated A matrix
1.000000 0.000000
0.000000 1.000000
Estimated B matrix
0.034459 −0.006424
0.170419 0.261892