IMPACT OF OIL PRICE VOLATILITY AND MACROECONOMIC VARIABLES ON ECONOMIC GROWTH OF PAKISTAN
This research analyses the effect of oil price volatility and macroeconomic variables (Trade balance, private sector investment and public sector investment) on economic growth of Pakistan. Linear regression describes the Public sector investment and Trade Balance has significant and oil price volat...
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Juraj Dobrila University of Pula
2017-04-01
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Online Access: | https://hrcak.srce.hr/file/266877 |
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doaj-ce6aae4355b5415b951855d2b603e23e2020-11-24T23:56:04ZengJuraj Dobrila University of PulaReview of Innovation and Competitiveness1849-87951849-90152017-04-01314974IMPACT OF OIL PRICE VOLATILITY AND MACROECONOMIC VARIABLES ON ECONOMIC GROWTH OF PAKISTANMuhammad JawadGhulam Shabbir Khan Niazi This research analyses the effect of oil price volatility and macroeconomic variables (Trade balance, private sector investment and public sector investment) on economic growth of Pakistan. Linear regression describes the Public sector investment and Trade Balance has significant and oil price volatility and private sector investment has insignificant effect on gross domestic production of Pakistan. Johenson co integration test described the long run relation among the variables. Vector Autoregression, impulse response function and variance decomposition conclude that effect of variables was stable within 10 years and the major part on the variable is due to itself rather than other variables.https://hrcak.srce.hr/file/266877Oil Price Volatility; Macroeconomic variables; Economic Growth; Pakistan |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Muhammad Jawad Ghulam Shabbir Khan Niazi |
spellingShingle |
Muhammad Jawad Ghulam Shabbir Khan Niazi IMPACT OF OIL PRICE VOLATILITY AND MACROECONOMIC VARIABLES ON ECONOMIC GROWTH OF PAKISTAN Review of Innovation and Competitiveness Oil Price Volatility; Macroeconomic variables; Economic Growth; Pakistan |
author_facet |
Muhammad Jawad Ghulam Shabbir Khan Niazi |
author_sort |
Muhammad Jawad |
title |
IMPACT OF OIL PRICE VOLATILITY AND MACROECONOMIC VARIABLES ON ECONOMIC GROWTH OF PAKISTAN |
title_short |
IMPACT OF OIL PRICE VOLATILITY AND MACROECONOMIC VARIABLES ON ECONOMIC GROWTH OF PAKISTAN |
title_full |
IMPACT OF OIL PRICE VOLATILITY AND MACROECONOMIC VARIABLES ON ECONOMIC GROWTH OF PAKISTAN |
title_fullStr |
IMPACT OF OIL PRICE VOLATILITY AND MACROECONOMIC VARIABLES ON ECONOMIC GROWTH OF PAKISTAN |
title_full_unstemmed |
IMPACT OF OIL PRICE VOLATILITY AND MACROECONOMIC VARIABLES ON ECONOMIC GROWTH OF PAKISTAN |
title_sort |
impact of oil price volatility and macroeconomic variables on economic growth of pakistan |
publisher |
Juraj Dobrila University of Pula |
series |
Review of Innovation and Competitiveness |
issn |
1849-8795 1849-9015 |
publishDate |
2017-04-01 |
description |
This research analyses the effect of oil price volatility and macroeconomic variables (Trade balance, private sector investment and public sector investment) on economic growth of Pakistan. Linear regression describes the Public sector investment and Trade Balance has significant and oil price volatility and private sector investment has insignificant effect on gross domestic production of Pakistan. Johenson co integration test described the long run relation among the variables. Vector Autoregression, impulse response function and variance decomposition conclude that effect of variables was stable within 10 years and the major part on the variable is due to itself rather than other variables. |
topic |
Oil Price Volatility; Macroeconomic variables; Economic Growth; Pakistan |
url |
https://hrcak.srce.hr/file/266877 |
work_keys_str_mv |
AT muhammadjawad impactofoilpricevolatilityandmacroeconomicvariablesoneconomicgrowthofpakistan AT ghulamshabbirkhanniazi impactofoilpricevolatilityandmacroeconomicvariablesoneconomicgrowthofpakistan |
_version_ |
1725459805656580096 |