European oil price uncertainty: A panel data approach/ Natrah Che Ibrahim, Tismazammi Mustaffa and Nur Idalisa Norddin

Che Ibrahim, Natrah and Mustaffa, Tismazammi and Norddin, Nur Idalisa (2017) European oil price uncertainty: A panel data approach/ Natrah Che Ibrahim, Tismazammi Mustaffa and Nur Idalisa Norddin. Terengganu International Finance and Economics Journal (TIFEJ), 5 (1). pp. 1-6. ISSN 2232-0539

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Abstract

This paper investigates the significant macroeconomic determinant such as inflation, exchange rate, oil export and oil import affecting oil price in 10 European countries namely Austria, Denmark, France, Germany, Greece, Italy, Norway, Turkey, United Kingdom and Spain from 1994 to 2014. Panel data are be use to run this analysis regarding the relationship between the dependent and independent variable. By employing Fixed Effect Estimation Model, the empirical result revealed that the oil price is influenced by the selected macroeconomic factor. In particular, the evidence shows that inflation and oil import are significantly affect oil price in the majority of this country. Oil export and exchange rate does not give impact to oil price which mean insignificantly relationship between oil prices

Item Type: Article
Creators:
CreatorsEmail
Che Ibrahim, NatrahUNSPECIFIED
Mustaffa, Tismazammitisma372@tganu.uitm.edu.my
Norddin, Nur IdalisaUNSPECIFIED
Subjects: H Social Sciences > HG Finance > Money > Money and prices. Inflation. Deflation. Purchasing power
Divisions: Universiti Teknologi MARA, Terengganu > Dungun Campus > Faculty of Business and Management
Journal or Publication Title: Terengganu International Finance and Economics Journal (TIFEJ)
ISSN: 2232-0539
Volume: 5
Number: 1
Page Range: pp. 1-6
Item ID: 22658
Uncontrolled Keywords: Oil price; inflation; exchange rate; oil export; oil import
Last Modified: 03 Feb 2019 04:27
Depositing User: Perpustakaan Cendekiawan UiTM Caw Terengganu
URI: http://ir.uitm.edu.my/id/eprint/22658

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