{"title":"原油价格、制造业指数和消费者价格指数：印度是否存在时间联系？","authors":"Utpal Kumar De , Girijasankar Mallik","doi":"10.1016/j.iimb.2024.03.007","DOIUrl":null,"url":null,"abstract":"<div><p>In this paper, the autoregressive distributive lag (ARDL) model is used to examine the impact of global crude oil price on manufacturing output in India and the behaviour of consumer price index. Error correction model, co-integration and multivariate GARCH model models are used for the analysis. ARDL analysis shows a significant relation between consumer price index (CPI) and manufacturing index (MI). Also, a significant inverse relation is established between crude oil price with MI and a positive relation between MI and CPI. Despite an inconsistent short run relation between petrol price with CPI, rising fuel price shows dampening impact on manufacturing output in the long run.</p></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"36 2","pages":"Pages 137-145"},"PeriodicalIF":1.7000,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0970389624000132/pdfft?md5=2fddf0bde2dc8c7cc346715b36d17012&pid=1-s2.0-S0970389624000132-main.pdf","citationCount":"0","resultStr":"{\"title\":\"Crude oil price, manufacturing index, and consumer price index: Is there any temporal link in India?\",\"authors\":\"Utpal Kumar De , Girijasankar Mallik\",\"doi\":\"10.1016/j.iimb.2024.03.007\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>In this paper, the autoregressive distributive lag (ARDL) model is used to examine the impact of global crude oil price on manufacturing output in India and the behaviour of consumer price index. Error correction model, co-integration and multivariate GARCH model models are used for the analysis. ARDL analysis shows a significant relation between consumer price index (CPI) and manufacturing index (MI). Also, a significant inverse relation is established between crude oil price with MI and a positive relation between MI and CPI. Despite an inconsistent short run relation between petrol price with CPI, rising fuel price shows dampening impact on manufacturing output in the long run.</p></div>\",\"PeriodicalId\":46337,\"journal\":{\"name\":\"IIMB Management Review\",\"volume\":\"36 2\",\"pages\":\"Pages 137-145\"},\"PeriodicalIF\":1.7000,\"publicationDate\":\"2024-06-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://www.sciencedirect.com/science/article/pii/S0970389624000132/pdfft?md5=2fddf0bde2dc8c7cc346715b36d17012&pid=1-s2.0-S0970389624000132-main.pdf\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"IIMB Management Review\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0970389624000132\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"MANAGEMENT\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"IIMB Management Review","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0970389624000132","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"MANAGEMENT","Score":null,"Total":0}
Crude oil price, manufacturing index, and consumer price index: Is there any temporal link in India?
In this paper, the autoregressive distributive lag (ARDL) model is used to examine the impact of global crude oil price on manufacturing output in India and the behaviour of consumer price index. Error correction model, co-integration and multivariate GARCH model models are used for the analysis. ARDL analysis shows a significant relation between consumer price index (CPI) and manufacturing index (MI). Also, a significant inverse relation is established between crude oil price with MI and a positive relation between MI and CPI. Despite an inconsistent short run relation between petrol price with CPI, rising fuel price shows dampening impact on manufacturing output in the long run.
期刊介绍：
IIMB Management Review (IMR) is a quarterly journal brought out by the Indian Institute of Management Bangalore. Addressed to management practitioners, researchers and academics, IMR aims to engage rigorously with practices, concepts and ideas in the field of management, with an emphasis on providing managerial insights, in a reader friendly format. To this end IMR invites manuscripts that provide novel managerial insights in any of the core business functions. The manuscript should be rigorous, that is, the findings should be supported by either empirical data or a well-justified theoretical model, and well written. While these two requirements are necessary for acceptance, they do not guarantee acceptance. The sole criterion for publication is contribution to the extant management literature.Although all manuscripts are welcome, our special emphasis is on papers that focus on emerging economies throughout the world. Such papers may either improve our understanding of markets in such economies through novel analyses or build models by taking into account the special characteristics of such economies to provide guidance to managers.
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