THE CAUSAL RELATIONSHIP BETWEEN OIL PRICE AND INFLATION IN BANGLADESH: AN EMPIRICAL ANALYSIS

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creativework.keywordsInflation, Oil price. Bangladesh. Granger Causality, VECM Causality
dc.contributor.authorSakib Bin Amin
dc.contributor.authorMaimaz Afiabi Atiqtee
dc.contributor.authorFarheen Rishia Butte Benazirs
dc.contributor.editorHelal Ahammad
dc.date.accessioned2025-07-21
dc.date.accessioned2025-07-21T03:53:33Z
dc.date.available2025-07-21T03:53:33Z
dc.date.issued2022-12
dc.description.abstractBangladesh is one of the fastest growing developing economies in the South Asian region with very little fossil fuel endowment. As a result, the country typically relies on imported energy sources. Existing media reports point out an increase in global energy prices in recent years. An increase in global oil price simultaneously increases the rate of inflation in the oil importing countries as well. Hence, the aim of this paper is to empirically analyze the short-run and long- run causal relationship between oil price in the international market and domestic inflation in Bangladesh. Using annual data ranging from 1980 to 2021, the paper conducts a Johansen's cointegration test to identify the variables' cointegrating relationship. Moreover, Granger Causality and VECM causality tests confirm a unidirectional causality runs from oil price in the international market to domestic inflation in Bangladesh. both in the short run and in the long run.
dc.identifier.doi10.47126/J.NSBR.1991-4938
dc.identifier.urihttps://repository.northsouth.edu/handle/123456789/1291
dc.language.isoen
dc.publisherNorth South University
dc.rights©School of Business and Economics, North South University
dc.titleTHE CAUSAL RELATIONSHIP BETWEEN OIL PRICE AND INFLATION IN BANGLADESH: AN EMPIRICAL ANALYSIS
dc.typeArticle
oaire.citation.endPage66
oaire.citation.issue1
oaire.citation.startPage57
oaire.citation.titleTHE CAUSAL RELATIONSHIP BETWEEN OIL PRICE AND INFLATION IN BANGLADESH: AN EMPIRICAL ANALYSIS
oaire.citation.volumeVol13
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