The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach
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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; Q43Downloads
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Published
2015-10-14
How to Cite
Köse, N., & Baimaganbetov, S. (2015). The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach. International Journal of Energy Economics and Policy, 5(4), 1058–1064. Retrieved from https://econjournals.com/index.php/ijeep/article/view/1457
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