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

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 macro-economic 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.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Che Ibrahim, Natrah
UNSPECIFIED
Mustaffa, Tismazammi
tisma372@tganu.uitm.edu.my
Norddin, Nur Idalisa
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > International finance > Foreign exchange. Foreign exchange rates
H Social Sciences > HG Finance > Investment, capital formation, speculation > Foreign investments. Country risk
H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock exchanges. Insider trading in securities
H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock price indexes. Stock quotations
Divisions: Universiti Teknologi MARA, Terengganu > Dungun Campus > Faculty of Business and Management
Journal or Publication Title: Terengganu International Finance and Economics Journal (TIFEJ)
UiTM Journal Collections: Others > Terengganu International Finance and Economics Journal (TIFEJ)
ISSN: 2232-0539
Volume: 5
Number: 1
Page Range: pp. 1-6
Keywords: Oil Price; Inflation; Exchange Rate; Oil Export; Oil Import
Date: 2017
URI: https://ir.uitm.edu.my/id/eprint/61529
Edit Item
Edit Item

Download

[thumbnail of 61529.pdf] Text
61529.pdf

Download (236kB)

ID Number

61529

Indexing

Statistic

Statistic details