The impact of international energy price on Romanian macroeconomic

Xiao Yukun ()
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Xiao Yukun: Ocean university of China, Qingdao, China

HOLISTICA – Journal of Business and Public Administration, 2017, vol. 8, issue 2, 97-105

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.

Keywords: International energy price; Romanian macroeconomic; Granger causality test; quantiles regression (search for similar items in EconPapers)
JEL-codes: E2 E3 E6 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:hjobpa:v:8:y:2017:i:2:p:97-105:n:9

DOI: 10.1515/hjbpa-2017-0017

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