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Do crude oil price changes affect economic growth of India, Pakistan and Bangladesh?: A multivariate time series analysis
Dalarna University, School of Technology and Business Studies, Economics.
2012 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

This paper analyzes empirically the effect of crude oil price change on the economic growth of Indian-Subcontinent (India, Pakistan and Bangladesh). We use a multivariate Vector Autoregressive analysis followed by Wald Granger causality test and Impulse Response Function (IRF). Wald Granger causality test results show that only India’s economic growth is significantly affected when crude oil price decreases. Impact of crude oil price increase is insignificantly negative for all three countries during first year. In second year, impact is negative but smaller than first year for India, negative but larger for Bangladesh and positive for Pakistan.

Place, publisher, year, edition, pages
2012. , 40 p.
Keyword [en]
Oil price shocks, Economic growth, Vector Autoregressive, Impulse response function, Wald Granger causality test
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:du-10723OAI: oai:DiVA.org:du-10723DiVA: diva2:551295
Uppsok
Social and Behavioural Science, Law
Supervisors
Examiners
Available from: 2012-09-14 Created: 2012-09-10 Last updated: 2012-09-14Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf