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dc.contributor.authorAhmad, Iftikhar
dc.contributor.authorIqbal, Shahid
dc.contributor.authorKhan, Salim
dc.contributor.authorHan, Heesup
dc.contributor.authorVega-Muñoz, Alejandro
dc.contributor.authorAriza-Montes, Antonio
dc.date.accessioned2024-04-10T05:55:21Z
dc.date.available2024-04-10T05:55:21Z
dc.date.issued2022
dc.identifier10.3389/fpsyg.2022.967643
dc.identifier.issn16641078
dc.identifier.urihttps://hdl.handle.net/20.500.12728/10854
dc.description.abstractThis research tends to convey the relationship between crude oil price volatility and key macroeconomics indicators, i.e., gross domestic product (GDP), inflation rate (IR), interest rate, and exchange rate. The study collected the time-series data (2000–2020) from the South Asian countries (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka), and employed macroeconomic policy modeling tools (impulse response function and the prediction error variance decomposition technique) in the vector autorepression (VAR) setup. The outcome of the impulse response function explained considerable variance among macroeconomic indicators in response to crude oil price shocks. The macroeconomic indicators are extremely susceptible to minor fluctuations in oil prices causing a significant impact on the region's socioeconomic situation. The result of variance decomposition indicates that each country in the region reacts differently to crude oil price volatility which reflects their macroeconomics fundamentals, independent policy, sector structure, and country differences. The findings support change in public policies in a way to reduce their dependency on oil energy and encourage them toward renewal and green energy sources for better environmental results and sustainable development. Copyright © 2022 Ahmad, Iqbal, Khan, Han, Vega-Muñoz and Ariza-Montes.es_ES
dc.language.isoenes_ES
dc.publisherFrontiers Media S.A.es_ES
dc.subjectcrude oiles_ES
dc.subjectexchange ratees_ES
dc.subjectgreen energy sourceses_ES
dc.subjectinterest ratees_ES
dc.subjectmacroeconomic indicatorses_ES
dc.subjectSouth Asian countrieses_ES
dc.titleMacroeconomic effects of crude oil shocks: Evidence from South Asian countrieses_ES
dc.typeArticlees_ES


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