Oil price shocks and Vietnam's macroeconomic fundamentals : quantile-on-quantile approach
Ho Thuy Tien
This study aims to explore the asymmetric relationships between global oil prices and the selected Vietnam macroeconomic indicators using both quantile-on-quantile regression and Granger causality in quantile frameworks. The macroeconomic factors under study, as expected, have a strong relationship with oil price changes. The results suggest that oil prices have a positive impact on the exchange rate, inflation, GDP, and stock market prices across major quantiles, while there is a significantly negative relationship between the unemployment rate and oil prices in the middle-upper quantile. The results of this article offer considerable policy implications for governments, investors, and policymakers.
Year of publication: |
2022
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Authors: | Ho Thuy Tien |
Published in: |
Cogent economics & finance. - Abingdon : Taylor & Francis, ISSN 2332-2039, ZDB-ID 2773198-4. - Vol. 10.2022, 1, Art.-No. 2095767, p. 1-19
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Subject: | macroeconomic factors | oil prices | quantile regression | causality | Vietnam | Ölpreis | Oil price | Viet Nam | Wirkungsanalyse | Impact assessment | Kausalanalyse | Causality analysis | Makroökonomik | Macroeconomics | Wirtschaftswachstum | Economic growth | Schätzung | Estimation | Regressionsanalyse | Regression analysis |
Saved in:
freely available
Type of publication: | Article |
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Type of publication (narrower categories): | Aufsatz in Zeitschrift ; Article in journal |
Language: | English |
Other identifiers: | 10.1080/23322039.2022.2095767 [DOI] |
Classification: | G12 - Asset Pricing ; I32 - Measurement and Analysis of Poverty ; O55 - Africa |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013431428