The Impact of Global Oil Market Shocks on India’s Merchandise Trade Balances
نویسندگان
چکیده
This paper examines the influence of global oil market shocks on India’s aggregate, non-oil, and trade balances using structural vector autoregression model. The impulse response analysis suggests that aggregate non-oil deteriorate in to adverse oil-specific demand shocks, while balance improves. Among only have a significant impact all metrics. research has crucial policy implications for Indian economy.
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ژورنال
عنوان ژورنال: Energy research letters
سال: 2023
ISSN: ['2652-6433', '2652-6514']
DOI: https://doi.org/10.46557/001c.77528