Macroeconomic impacts of oil price shocks in Asian economies

Decomposing the links between oil price shocks and macroeconomic indicators: Evidence from SAARC region

“…Sri Lanka, Bangladesh, Pakistan, India and Bhutan), for details see: Bernanke et al, 1997;Cunado and de-Gracia, 2015;10 Kilian and Park, 2009;Parket al, 2011;Peersman, 2005;Peersman and Van Robays, 2009. However, the following empirical test are incorporated to reach the objectives of the paper.…”

Introduction to: The enigma of economic growth: Beyond Solow-type macroeconomic perspectives

“…The paper of Cunado et al (2015) uses a VAR model of the oil market to analyze the economic impact of oil price shocks on four of the top oil-consuming Asian economies. The study suggest that economic activity and prices respond very differently to oil price shocks depending on their types.…”

Recursive Cointegration of Energy and Stock Prices in Indonesia

“…As to the relative literature to study the cases of emerging countries, [2] study the relationship between oil price to and macroeconomic activity in Asian countries. They find that oil price can significantly affect both economic activity and price index although the impact is limited to the short run [3] examine the impact of oil prices on Vietnam's stock prices, and the results confirm that stock prices, oil prices, and [3] indicate that the impact of oil price on stock price is positive, which is caused by some internal and domestic factors on the Vietnamese stock market.…”

“…Many papers examine the relationship between stock and oil prices, but the relative literature does not show any consistent conclusion. Some studies confirm the existence of a relationship between oil prices and stock markets [2]- [4], while others present opposite finding [5]. Most of the past relative papers focus on the impact of oil price changes on the stock markets, but fewer papers have studied the relationship between natural gas and stock prices.…”