Impact of Oil Prices on Country’s Economy: A Case Study South Asian Countries

10 Pages Posted: 16 Sep 2012

See all articles by Muhammad Ahmad

Muhammad Ahmad

University of Lahore - Business School; Kohinoor Energy Limited

Syed Atif Ali

affiliation not provided to SSRN

Date Written: July 16, 2012

Abstract

The study is based on the four large South Asian oil importing countries namely India, Pakistan, Sri Lanka and Bangladesh. The impact of fluctuating oil prices is studied over the economy particularly on Inflation, GDP, FDI and exchange rates using regression analysis. The results of the study indicated that the increasing oil prices resultantly increase the inflation and puts pressure on local currency exchange rate against US$. On the other hand, the GDP and FDI are seen to be increasing with increasing oil prices primarily due to the rapid industrialization and promising returns on investment in the region.

Keywords: oil prices, GDP, FDI, inflation, exchange rate, South Asia

JEL Classification: E30, F31, N10

Suggested Citation

Ahmad, Muhammad and Ali, Syed Atif, Impact of Oil Prices on Country’s Economy: A Case Study South Asian Countries (July 16, 2012). Available at SSRN: https://ssrn.com/abstract=2147341 or http://dx.doi.org/10.2139/ssrn.2147341

Muhammad Ahmad (Contact Author)

University of Lahore - Business School ( email )

1-KM Bopatian Chowk, Defence Road
Lahore, Punjab 54000
Pakistan

Kohinoor Energy Limited ( email )

Raiwand Road
Lahore, Punjab
Pakistan

HOME PAGE: http://www.kel.com.pk

Syed Atif Ali

affiliation not provided to SSRN ( email )

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