An analysis of oil price volatility using var: evidence from Pakistan
Loading...
Date
2015
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Lahore Journal of Business
Abstract
Oil is a crucial economic input and Pakistan’s growth, production levels, and price levels are affected significantly by oil price volatility. This paper captures the impact of oil price shocks on Pakistan’s economy by considering variables such as gross domestic product, the wholesale price index, and large-scale manufacturing index. Our analysis is based on vector autoregression and the results are in line with similar studies. We also determine the precise short-term or long-term impact of oil price volatility on the relevant variables.
Description
Keywords
vector autoregression, gross domestic product, wholesale price index, large scale manufacturing index, oil price volatility
Citation
Rafay, A., & Farid, S. (2015). An Analysis of Oil Price Volatility Using VAR: Evidence from Pakistan. Lahore Journal of Business, 4(1), 23-36