Authors :
Dr. Palak Jain; Dr. Sachin Awasthi
Volume/Issue :
Volume 7 - 2022, Issue 11 - November
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3HVnEKM
DOI :
https://doi.org/10.5281/zenodo.7470932
Abstract :
:-Increases in oil prices are often assumed to lead
to higher inflation and slower economic growth. Inflation
causes commodity prices to rise, stock market
fluctuations, and a stagnant effect on Indian production.
The price of things created with petroleum products
directly relates to oil prices in terms of inflation. The cost
of heating, manufacturing, and transportation are just a
few examples of indirect costs that are impacted by oil
prices.High oil prices can also have a negative impact on
the demand for other items since they lower wealth and
increase uncertainty about the long-term (Sek et al 2015).
One approach to think about the impact of rising oil costs
is to think of them as a tax on consumers (Kilian & Zhou
2021). Imported oil is the simplest illustration of this.
Keywords :
ADF Test, ARDL, Nonlinear ARDL Model, Oil Price, Commodity Prices.
:-Increases in oil prices are often assumed to lead
to higher inflation and slower economic growth. Inflation
causes commodity prices to rise, stock market
fluctuations, and a stagnant effect on Indian production.
The price of things created with petroleum products
directly relates to oil prices in terms of inflation. The cost
of heating, manufacturing, and transportation are just a
few examples of indirect costs that are impacted by oil
prices.High oil prices can also have a negative impact on
the demand for other items since they lower wealth and
increase uncertainty about the long-term (Sek et al 2015).
One approach to think about the impact of rising oil costs
is to think of them as a tax on consumers (Kilian & Zhou
2021). Imported oil is the simplest illustration of this.
Keywords :
ADF Test, ARDL, Nonlinear ARDL Model, Oil Price, Commodity Prices.
