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The effects of Oil Price Shock on the Indian Economy – A Study

preprint
posted on 11.12.2018 by nenavath sreenu
The paper examines the effects of crude oil price shocks on the Indian economy development and GDP Growth for the period of 2010 till 2018. The present Indian economy growth has been facing the identical issues of escalating the trade disparity and continuing inflation. In this connection, the study focused on the determine relationship between the speculation and crude oil price impact on the Indian economic development activity and GDP growth and the paper investigated the how oil price variations effect on the Indian economy development through different networks, viz. WPI, CP, IIP, GDP, Monetary policy, trade and investment. The paper used methods an GARCH model and description to tool the volatility on both the oil and stock markets and then developed an extension of the GARCH-M, vector auto-regression (VAR) models are also applied to determine the oil price shocks effect on macroeconomic indicators and the outcomes of co integration model propose that crude oil is pro‐cyclical to output, and the paper used VAR investigation to the discrepancy decomposition to capture the linear inter‐dependencies among the variables. The mechanical stability experiments determine that there is no indication of mechanical break in the VAR model.

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in The Indian Economic Journal

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no funding

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Declaration of conflicts of interest

no

Corresponding author email

srinunaikphd@gmail.com

Lead author country

India

Lead author job role

Higher Education Lecturer

Lead author institution

Indira Gandhi National Tribal University (A Central University),

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Read the peer-reviewed publication

in The Indian Economic Journal

Logo branding

Licence

Exports