Oil prices, renewable energy consumption and trade balance nexus: empirical evidence from Indian economy
Ketki Kaushik,
Shruti Shastri
Abstract:Purpose
This study aims to assess the nexus among oil price (OP), renewable energy consumption (REC) and trade balance (TB) for India using annual time series data for the time period 1985–2019. In particular, the authors examine whether REC improves India's TB in the context of high oil import dependence.
Design/methodology/approach
The study uses autoregressive distributed lags (ARDL) bound testing approach that has the advantage of yielding estimates of long-run and short-run parameters simultaneously. Mor… Show more
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