Does Crude Oil Price Affect the Inflation Rate and Economic Growth in India? A New Insight Based on Structural VAR Framework

نویسندگان

چکیده

Based on a structural vector autoregressive framework the monthly data from April 1997 to July 2016, this study is an attempt show impact of crude oil price rate inflation and economic growth in India. The results showed that has positive whereas inverse relation exists between growth. Further, we segregated into two components, is, negative partial sum through nonlinear asymmetric distribution lag framework. A similar kind result derived case growth, while significant relationship found From policy perceptive, suggest policymakers may focus reducing consumption using renewable energy for accelerating This would not only prevent domestic economy international fluctuations but also assist achieving sustainable environmental goal reduced use. JEL Classification Codes: C3, O4, Q4

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ژورنال

عنوان ژورنال: The Indian Economic Journal

سال: 2021

ISSN: ['0019-4662', '2631-617X']

DOI: https://doi.org/10.1177/0019466221998838