<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The recent decade has witnessed wild swings in International Energy price, and there is no doubt that a large fluctuation in energy prices will have an impact on a country’s macro economy. This study examines the impact of international energy price on Romanian macroeconomic –CPI, exchange rate and industrial product – by using Granger causality test and quantiles regression. We find that the international energy price can affect the CPI and industrial product of Romania, while it can’t influence exchange rate at all. Also when energy price increase and decrease, it will have different impact on Romanian macroeconomic.</p></abstract>

The recent decade has witnessed wild swings in International Energy price, and there is no doubt that a large fluctuation in energy prices will have an impact on a country’s macro economy. This study examines the impact of international energy price on Romanian macroeconomic –CPI, exchange rate and industrial product – by using Granger causality test and quantiles regression. We find that the international energy price can affect the CPI and industrial product of Romania, while it can’t influence exchange rate at all. Also when energy price increase and decrease, it will have different impact on Romanian macroeconomic.

The impact of international energy price on Romanian macroeconomic

HOLISTICA – Journal of Business and Public Administration

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"The impact of international energy price on Romanian macroeconomic"}

The recent decade has witnessed wild swings in International Energy price, and there is no doubt that a large fluctuation in energy prices will have an impact...

The impact of international energy price on Romanian macroeconomic

Publié en ligne: 09 sept. 2017

Pages: 97 - 105

DOI: https://doi.org/10.1515/hjbpa-2017-0017

Mots clés
International energy price, Romanian macroeconomic, Granger causality test, quantiles regression

© 2017 Yukun Xiao, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The impact of international energy price on Romanian macroeconomic

Publié en ligne: 09 sept. 2017

Pages: 97 - 105

DOI: https://doi.org/10.1515/hjbpa-2017-0017

Mots clésInternational energy price, Romanian macroeconomic, Granger causality test, quantiles regression

© 2017 Yukun Xiao, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Mots clés
International energy price, Romanian macroeconomic, Granger causality test, quantiles regression