Research Article
Investigating the Effect of Oil Revenue Shocks on Business Cycles and the Synchronism of Cycles with Selected OECD Countries
Table 4
Percentage of fluctuations in the variance of business cycles.
| | Period | The share of temporary shocks | The share of permanent shocks |
| | 1 | 96.6415 | 3.3584 | | 2 | 84.1234 | 16.3408 | | 3 | 80.9681 | 19.0318 | | 4 | 81.2936 | 18.7063 | | 5 | 79.5345 | 20.4654 | | 6 | 76.4169 | 23.5830 | | 7 | 74.6943 | 25.3057 | | 8 | 74.6048 | 25.3952 | | 9 | 74.9374 | 25.0625 | | 10 | 75.0641 | 24.9358 |
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