Economics, Econometrics and Finance
3 years ago

Oil price shocks in Pakistan negatively impact industrial production levels.

Oil Price Shocks and Industry Level Production Using Vector Autoregression: Empirical Evidence from Pakistan
Farhan Ahmed, Muhammad Osama Daudpota, Muhammad Kashif

Paper Summary

Oil prices have a big impact on how much stuff factories make in Pakistan. A study looked at this from 2000 to 2015. They found that when oil prices go up, industrial production goes down a bit. This means it's important to predict oil prices to help factories plan ahead and not get hurt by the changes.

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