Influence oil price towards macroeconomic indicators in Russia

Anthony Nyangarika; Alexey Mikhaylov; Ulf Henning Richter

doi:10.32479/ijeep.6807

Influence oil price towards macroeconomic indicators in Russia

Anthony Nyangarika, Alexey Mikhaylov, Ulf Henning Richter

Research output: Contribution to journal › Article › peer-review

Abstract

This paper proposes the effect of oil price shocks on the Russian economic indicators using time series for the period 1991-2016 year to cover all of oil price shocks. The vector autoregressive and the Dickey-Fuller test were utilized to investigate the long-run and the short-run relationships between variables. From the results shows that one of the most important external impact factor is the world price of oil. The research suggests a positive and significant long-term relationship between oil prices and Russian GDP dynamics.

Original language	English
Pages (from-to)	123-129
Number of pages	7
Journal	International Journal of Energy Economics and Policy
Volume	9
Issue number	1
DOIs	https://doi.org/10.32479/ijeep.6807
State	Published - 2019
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2018, Econjournals. All rights reserved.

Keywords

Forecasting
GDP growth
Oil impact
Oil price shocks

ASJC Scopus subject areas

General Energy
General Economics, Econometrics and Finance

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10.32479/ijeep.6807

Cite this

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KW - Oil price shocks

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Influence oil price towards macroeconomic indicators in Russia

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

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