The Impact of Oil Prices on the Economy of Vietnam
In this paper we study the relationship between oil prices and macroeconomic performance by investigating the impact of oil price shocks on key macroeconomic variables of Vietnam over the 2001–2012 period. In order to test the relationship between oil prices and the value of industrial production, w...
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University of Economics Ho Chi Minh City
2023
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oai:scholar.dlu.edu.vn:DLU123456789-1154822023-03-08T03:56:25Z The Impact of Oil Prices on the Economy of Vietnam Nguyen, Thi Lien Hoa Tran, Thu Trang Nguyen, Le Ngan Giang In this paper we study the relationship between oil prices and macroeconomic performance by investigating the impact of oil price shocks on key macroeconomic variables of Vietnam over the 2001–2012 period. In order to test the relationship between oil prices and the value of industrial production, we use cointegration method to consider the long-term relationship and Error Correction Model (ECM) to ponder the short-term one. The test results show that the price of oil and the value of industrial production in Vietnam are positively correlated in the long term, whereas in the short term the volatility of oil prices in the last two months will negatively affect the fluctuation in the value of the current industrial production. 2023-03-08T03:56:25Z 2023-03-08T03:56:25Z 2015 Article 2615-9112 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=05c0966c-7fc7-45b9-906d-093e96f5a08d http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115482 10.24311/jabes/2015.22.4.01 en Journal of Asian Business and Economic Studies, Volume 22, Issue 04; p. 142-159 application/pdf University of Economics Ho Chi Minh City |
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Thư viện Trường Đại học Đà Lạt |
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Thư viện số |
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English |
| description |
In this paper we study the relationship between oil prices and macroeconomic performance by investigating the impact of oil price shocks on key macroeconomic variables of Vietnam over the 2001–2012 period. In order to test the relationship between oil prices and the value of industrial production, we use cointegration method to consider the long-term relationship and Error Correction Model (ECM) to ponder the short-term one. The test results show that the price of oil and the value of industrial production in Vietnam are positively correlated in the long term, whereas in the short term the volatility of oil prices in the last two months will negatively affect the fluctuation in the value of the current industrial production. |
| format |
Article |
| author |
Nguyen, Thi Lien Hoa Tran, Thu Trang Nguyen, Le Ngan Giang |
| spellingShingle |
Nguyen, Thi Lien Hoa Tran, Thu Trang Nguyen, Le Ngan Giang The Impact of Oil Prices on the Economy of Vietnam |
| author_facet |
Nguyen, Thi Lien Hoa Tran, Thu Trang Nguyen, Le Ngan Giang |
| author_sort |
Nguyen, Thi Lien Hoa |
| title |
The Impact of Oil Prices on the Economy of Vietnam |
| title_short |
The Impact of Oil Prices on the Economy of Vietnam |
| title_full |
The Impact of Oil Prices on the Economy of Vietnam |
| title_fullStr |
The Impact of Oil Prices on the Economy of Vietnam |
| title_full_unstemmed |
The Impact of Oil Prices on the Economy of Vietnam |
| title_sort |
impact of oil prices on the economy of vietnam |
| publisher |
University of Economics Ho Chi Minh City |
| publishDate |
2023 |
| url |
http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=05c0966c-7fc7-45b9-906d-093e96f5a08d http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115482 |
| _version_ |
1765278298988871680 |