The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach

Volume: 5 Number: 4 December 1, 2015
  • Nezir Köse
  • Sabit Baimaganbetov
EN

The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach

Abstract

This paper assesses empirically the asymmetric effects of real oil price shocks on the industrial production, real exchange rate and inflation in Kazakhstan for the monthly period 2000-2013 by using a Structural VAR model. Structural VAR analysis is carried out using the scaled model. The empirical findings show that the negative oil price shocks have a larger impact on Kazakhstan economic performance.

Keywords

Details

Primary Language

English

Subjects

-

Journal Section

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Authors

Nezir Köse This is me

Sabit Baimaganbetov This is me

Publication Date

December 1, 2015

Submission Date

December 1, 2015

Acceptance Date

-

Published in Issue

Year 2015 Volume: 5 Number: 4

APA
Köse, N., & Baimaganbetov, S. (2015). The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach. International Journal of Energy Economics and Policy, 5(4), 1058-1064. https://izlik.org/JA55TA38HD
AMA
1.Köse N, Baimaganbetov S. The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach. IJEEP. 2015;5(4):1058-1064. https://izlik.org/JA55TA38HD
Chicago
Köse, Nezir, and Sabit Baimaganbetov. 2015. “The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach”. International Journal of Energy Economics and Policy 5 (4): 1058-64. https://izlik.org/JA55TA38HD.
EndNote
Köse N, Baimaganbetov S (December 1, 2015) The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach. International Journal of Energy Economics and Policy 5 4 1058–1064.
IEEE
[1]N. Köse and S. Baimaganbetov, “The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach”, IJEEP, vol. 5, no. 4, pp. 1058–1064, Dec. 2015, [Online]. Available: https://izlik.org/JA55TA38HD
ISNAD
Köse, Nezir - Baimaganbetov, Sabit. “The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach”. International Journal of Energy Economics and Policy 5/4 (December 1, 2015): 1058-1064. https://izlik.org/JA55TA38HD.
JAMA
1.Köse N, Baimaganbetov S. The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach. IJEEP. 2015;5:1058–1064.
MLA
Köse, Nezir, and Sabit Baimaganbetov. “The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach”. International Journal of Energy Economics and Policy, vol. 5, no. 4, Dec. 2015, pp. 1058-64, https://izlik.org/JA55TA38HD.
Vancouver
1.Nezir Köse, Sabit Baimaganbetov. The Asymmetric Impact of Oil Price Shocks on Kazakhstan Macroeconomic Dynamics: A Structural Vector Autoregression Approach. IJEEP [Internet]. 2015 Dec. 1;5(4):1058-64. Available from: https://izlik.org/JA55TA38HD