Beta Clustering of Impact of Crude-Oil Prices on the Indian Economy

Sumit Ghosh and N. Sivakumar
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Sumit Ghosh: Sri Sathya Sai Institute of Higher Learning, India
N. Sivakumar: Sri Sathya Sai Institute of Higher Learning, India

Journal of Applied Management and Investments, 2015, vol. 4, issue 1, 24-34

Abstract: Indian economy depends on crude-oil to sustain its fast growth. There are several studies which have tried to understand the impact of crude-oil prices on Indian economic parameters. The current study is intended to understand whether the extent of impact of crude-oil prices on selected economic parameters is similar. The results of the study show that the extent of impact of crude-oil prices on the Indian economy is not similar. The study has also performed a cluster analysis using the regression betas to classify the extent of impact of crude-oil price changes and identified four meaningful clusters.

Keywords: beta clustering; crude-oil prices; Indian economy (search for similar items in EconPapers)
Date: 2015
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