2024-03-28T10:31:41Z
https://nagoya.repo.nii.ac.jp/oai
oai:nagoya.repo.nii.ac.jp:02005365
2023-04-06T07:17:16Z
659:853:854:1680587935846
Testing the Volatile Behavior of Oil Prices : New Evidence and Relevant Implications from West Java
BAMBANG, Pramono
ISRIATHI, Narita
DESY, Wartati
Oil price volatility
Inflation
Vector Auto-Regression (VAR) model
Economic performance
West Java
The current research study probes the influence of oil price hike on West Java’s economic performance using monthly data from 2019M1-2022M8. This study employs a total of eight proxies for West Java economy, which involve consumer confidence index (IKK), export values (EX), IDR exchange rate (EXC), money in circulation (M), inflation rate (CPI), credit availed by textile and apparel industry (KTPT), cement sales (SEMEN) and car production (MOBIL). Empirical analysis is carried out by employing a Vector Auto-Regression (VAR) model for econometric analysis. The estimated results indicate that the impact of oil prices fluctuations on the economy is unfavorable, and the presence of oil price shocks is more prominent on inflation among other endogenous variables. The discovery provides important implications for relevant policy analysis to ensure a timely solution for the existing issue.
departmental bulletin paper
名古屋大学大学院経済学研究科
Graduate School of Economics Nagoya University
2023-03
application/pdf
経済科学
4
70
155
171
The Economic Science
0022-9725
2434-5741
https://nagoya.repo.nii.ac.jp/record/2005365/files/12_BAMBANG-Pramono.pdf
eng