An Analysis of Oil Price Volatility Using VAR: Evidence From Pakistan
Oil is a crucial economic input and Pakistan’s growth, production levels, and price levels are affected significantly by oil price volatility. This paper captures the impact of oil price shocks on Pakistan’s economy by considering variables such as gross domestic product, the wholesale price index,...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Lahore School of Economics
2015-10-01
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| Series: | The Lahore Journal of Business |
| Subjects: | |
| Online Access: | https://journals.lahoreschool.edu.pk/LJB/LJB/article/view/37 |
| _version_ | 1826533975674322944 |
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| author | Abdul Rafay Saqib Farid |
| author_facet | Abdul Rafay Saqib Farid |
| author_sort | Abdul Rafay |
| collection | DOAJ |
| description |
Oil is a crucial economic input and Pakistan’s growth, production levels, and price levels are affected significantly by oil price volatility. This paper captures the impact of oil price shocks on Pakistan’s economy by considering variables such as gross domestic product, the wholesale price index, and largescale manufacturing index. Our analysis is based on vector autoregression and the results are in line with similar studies. We also determine the precise shortterm or long-term impact of oil price volatility on the relevant variables.
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| first_indexed | 2025-03-14T02:15:40Z |
| format | Article |
| id | doaj.art-cf8a214c2a45470d9132f9252e74f9f3 |
| institution | Directory Open Access Journal |
| issn | 2223-0025 2791-3139 |
| language | English |
| last_indexed | 2025-03-14T02:15:40Z |
| publishDate | 2015-10-01 |
| publisher | Lahore School of Economics |
| record_format | Article |
| series | The Lahore Journal of Business |
| spelling | doaj.art-cf8a214c2a45470d9132f9252e74f9f32025-03-11T18:18:55ZengLahore School of EconomicsThe Lahore Journal of Business2223-00252791-31392015-10-0141An Analysis of Oil Price Volatility Using VAR: Evidence From PakistanAbdul Rafay0Saqib Farid1Associate professor of finance and accounting, University of Management and Technology, Lahore.MS scholar, University of Management and Technology, Lahore. Oil is a crucial economic input and Pakistan’s growth, production levels, and price levels are affected significantly by oil price volatility. This paper captures the impact of oil price shocks on Pakistan’s economy by considering variables such as gross domestic product, the wholesale price index, and largescale manufacturing index. Our analysis is based on vector autoregression and the results are in line with similar studies. We also determine the precise shortterm or long-term impact of oil price volatility on the relevant variables. https://journals.lahoreschool.edu.pk/LJB/LJB/article/view/37vector autoregressiongross domestic productwholesale price indexlarge scale manufacturing indexoil price volatility |
| spellingShingle | Abdul Rafay Saqib Farid An Analysis of Oil Price Volatility Using VAR: Evidence From Pakistan The Lahore Journal of Business vector autoregression gross domestic product wholesale price index large scale manufacturing index oil price volatility |
| title | An Analysis of Oil Price Volatility Using VAR: Evidence From Pakistan |
| title_full | An Analysis of Oil Price Volatility Using VAR: Evidence From Pakistan |
| title_fullStr | An Analysis of Oil Price Volatility Using VAR: Evidence From Pakistan |
| title_full_unstemmed | An Analysis of Oil Price Volatility Using VAR: Evidence From Pakistan |
| title_short | An Analysis of Oil Price Volatility Using VAR: Evidence From Pakistan |
| title_sort | analysis of oil price volatility using var evidence from pakistan |
| topic | vector autoregression gross domestic product wholesale price index large scale manufacturing index oil price volatility |
| url | https://journals.lahoreschool.edu.pk/LJB/LJB/article/view/37 |
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