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

Table 2

Vector autoregressive model results.

Variables	Cycle	LROIL
Cycle (−1)	1.0839 (0.2021) [5.3633]	−2.2836 (1.8015) [−1.2676]
Cycle (−2)	−0.7982 (0.2114) [3.7745]	1.2491 −(1.8852) [−0.6626]
LROIL (−1)	0.0447 −(0.0245) [−1.8216]	0.8133 (0.2192) [3.7105]
LROIL (−2)	0.0539 (0.0270) [1.9967]	0.2585 (0.2409) [1.0733]
C	0.1007 −(0.1237) [−0.8145]	0.7167 −(1.1028) [−0.6499]
R^2	0.5988	0.8548