Relationship between crude oil prices and macro-economic variables: Evidence from BRICS countries

dc.contributor.author	AnjanaRaju, G.
dc.contributor.author	Marathe, S.
dc.date.accessioned	2020-09-15T04:31:17Z
dc.date.available	2020-09-15T04:31:17Z
dc.date.issued	2020
dc.identifier.citation	International Journal of Energy Economics and Policy. 10(5); 2020; 264-271.	en_US
dc.identifier.uri	https://doi.org/10.32479/ijeep.9755
dc.identifier.uri	http://irgu.unigoa.ac.in/drs/handle/unigoa/6204
dc.description.abstract	The article analyses the relationship between Crude oil Prices and Macro-economic variables in BRICS countries using Quarterly data from March 31, 1999 to December 31, 2019 and an Autoregressive Distributed lag model has been developed to study the long term relationship between Crude oil and Macro-economic variable. The study found out that the long term relationship exists between the variables. We have also identified that all the countries react differently to the fluctuations in Oil prices. But interestingly China and India share some commonalities in terms of reacting to the changes in Crude Oil prices. Additionaly we have also found that fluctuations in the Oil price effect Trade Openness in every country under study except Russia.	en_US
dc.publisher	EconJournals	en_US
dc.subject	Commerce	en_US
dc.title	Relationship between crude oil prices and macro-economic variables: Evidence from BRICS countries	en_US
dc.type	Journal article	en_US
dc.identifier.impf	cs