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The impact of international energy price on Romanian macroeconomic

Author

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  • Xiao Yukun

    (Ocean university of China, Qingdao, China)

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.

Suggested Citation

  • Xiao Yukun, 2017. "The impact of international energy price on Romanian macroeconomic," HOLISTICA – Journal of Business and Public Administration, Sciendo, vol. 8(2), pages 97-105, August.
    • Handle: RePEc:vrs:hjobpa:v:8:y:2017:i:2:p:97-105:n:9
    DOI: 10.1515/hjbpa-2017-0017
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    References listed on IDEAS

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    More about this item

    Keywords

    International energy price; Romanian macroeconomic; Granger causality test; quantiles regression;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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