Economics, Econometrics and Finance
3 years ago

Oil prices impact Indonesia's economy, exchange rate, and inflation rates significantly.

2 views
International Journal of Energy Economics and Policy
ATTENTION OF ECONOMIC GROWTH AND OIL PRICES: EVIDENCE FROM INDONESIA
Yijo Syaharuddin, Purwadi Purwadi, Alexander Sampeliling

Paper Summary

Oil prices impact economic growth, exchange rates, and inflation in Indonesia. Tests were done from 2000 to 2019, showing a relationship between oil prices and these variables. Short-term causality runs from oil prices, exchange rates, and inflation to GDP. More time and variables can affect these findings in the future.

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