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The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach

Year: 2015

Type: article

Abstract: This paper assesses empirically the asymmetric effects of real oil price shocks on the industrial production, real exchange rate and inflation in Kazakhstan for the monthly period 2000-2013 by using a Structural VAR model. Structural VAR analysis is carried out using the scaled model. The empirical findings show that the negative oil price shocks have a larger impact on Kazakhstan economic performance.Keywords: Oil price shocks, structural VAR, asymmetric effects, Kazakhstan.JEL classification: C22; C32; Q43

Source: International Journal of Energy Economics and Policy

Authors: Nezir Kose, Sabit Baimaganbetov

Institution: Gazi University

Language: English

Topic: Market Dynamics and Volatility

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $590

OpenAlex ID: W1928818599

FWCI: 1.959

Cites: 25

Cited by: 25

Related to: 10