@article{oai:nagoya.repo.nii.ac.jp:02005365,
 author = {BAMBANG, Pramono and ISRIATHI, Narita and DESY, Wartati},
 issue = {4},
 journal = {経済科学, The Economic Science},
 month = {Mar},
 note = {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.},
 pages = {155--171},
 title = {Testing the Volatile Behavior of Oil Prices : New Evidence and Relevant Implications from West Java},
 volume = {70},
 year = {2023}
}