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

Table 6

Long-term estimation results: ARDL (1, 0, 0, 0, 1).

Variables	Coefficients	t-statistic	Prob
LG	−0.4309	−2.5410	0.018
LRE	0.0403	2.3068	0.030
SHOCKP	−106.1351	−2.2700	0.033
SHOCKT	−67.8037	−2.1399	0.043
C	1.3402	2.4270	0.023