التفاصيل البيبلوغرافية
| العنوان: |
Oil price and inflation in Algeria: A nonlinear ARDL approach. |
| المؤلفون: |
Lacheheb, Miloud1,2 (AUTHOR) mlachekheb@edu.hse.ru, Sirag, Abdalla3 (AUTHOR) |
| المصدر: |
Quarterly Review of Economics & Finance. Aug2019, Vol. 73, p217-222. 6p. |
| مصطلحات موضوعية: |
Price inflation, Petroleum sales & prices, Price fluctuations, Market power, Oil changes |
| مصطلحات جغرافية: |
Algeria |
| مستخلص: |
• The study examines the asymmetric impact of oil price fluctuations on CPI in Algeria employing nonlinear ARDL approach. • The results confirm the existence of asymmetry behaviour of oil shocks in explaining CPI variations. • Results indicate the presence of market power in the Algerian market with quicker adjustment in the upward direction. • Low oil price pass-through may be attributed to such public policy schemes as administered subsidies and adjustment costs. • Enhancing competition in the domestic markets and increasing domestically produced goods are recommended. This study examined the relationship between oil price changes and inflation rate in Algeria from 1970–2014. The study method was able to capture asymmetries in the relationship between oil price and inflation, known as nonlinear autoregressive distributed lags (NARDL). The estimated model revealed the existence of a nonlinear effect of oil price on inflation. Specifically, we found a significant relation between oil price increases and inflation rate; whereas, a significant relation between oil price reduction and inflation was absent. [ABSTRACT FROM AUTHOR] |
| قاعدة البيانات: |
Finance Source |
