IMPACT OF CRUDE OIL PRICE ON COUNTRIES’ AND VIETNAM’S GDP GROWTH: VARIANCE DECOMPOSITION APPROACH
نویسندگان
چکیده
The crude oil price fluctuation investigation is to explore the impact of shocks on countries’ economic growth. Vector Autoregressive Model (VAR) was applied and variance decomposition analyze GDP growth due shock price. Besides, nine countries' data were collected from 1990 third quarter 2020. impacted by in 5 years respectively: 44.98%; 40.03%; 31.06%; 32.27%; 33.21%; 36.03%; 27.79%; 15.35%; 40.75% following countries are: China; America; Japan; Korea; Singapore; Thailand; Indonesia; Vietnam; Malaysia. This study identifies issues for consider: have a comprehensive solution among macroeconomic policies, monetary policy, fiscal policy other policies control stimulate
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ژورنال
عنوان ژورنال: International Journal of Energy Economics and Policy
سال: 2021
ISSN: ['2146-4553']
DOI: https://doi.org/10.32479/ijeep.10852