Izvorni znanstveni članak

https://doi.org/10.32728/ric.2017.31/3

IMPACT OF OIL PRICE VOLATILITY AND MACROECONOMIC VARIABLES ON ECONOMIC GROWTH OF PAKISTAN

Muhammad Jawad orcid.org/0000-0003-3663-2256 ; Department of leadership and Management Studies, National Defence University, Islamabad, Pakistan
Ghulam Shabbir Khan Niazi ; Prof. Ph. D., Department of leadership and Management Studies, National Defence University, Islamabad, Pakistan

Sažetak

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.

Ključne riječi

Oil Price Volatility; Macroeconomic variables; Economic Growth; Pakistan

Hrčak ID:

181098

URI

https://hrcak.srce.hr/181098

Datum izdavanja:

28.4.2017.

Posjeta: 4.690 *