Asymmetric Effect of Crude Oil and Palm Oil Prices on Economic Growth: Evidence from Indonesia

Laila, Nisful and Prabheesh, K P (2020) Asymmetric Effect of Crude Oil and Palm Oil Prices on Economic Growth: Evidence from Indonesia. Buletin Ekonomi Moneter dan Perbankan, 23 (2). pp. 253-268. ISSN 1410-8046

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Abstract

This paper empirically examines the impact of the price of crude oil petrol and palm oil on Indonesia's output. Using quarterly data from 2000Q1 to 2019Q2 and both linear and non-linear autoregressive distributed lag approaches to cointegration, we find: 1) a significant non-linear effect of oil prices on the country's output; 2) a decline in prices of oil can have a greater impact on the country's output as compared to an increase in oil prices; and 3) the palm oil price changes have a bigger effect on the country's output compared to petroleum price.

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IITH Creators:
IITH CreatorsORCiD
Prabheesh, K PUNSPECIFIED
Item Type: Article
Uncontrolled Keywords: Non-linear autoregressive distributed lag model,Oil price,Palm oil
Subjects: Social sciences
Social sciences > Political Science & Economics
Social sciences > Social Services
Social sciences > Social Sciences Mathematical Methods
Arts > Liberal arts
Divisions: Department of Liberal Arts
Depositing User: . LibTrainee 2021
Date Deposited: 30 Mar 2021 04:15
Last Modified: 30 Mar 2021 04:15
URI: http://raiith.iith.ac.in/id/eprint/7731
Publisher URL: http://doi.org/10.21098/bemp.v23i1.1304
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