Multiple Breakpoint Test on Crude Oil Price

• Autorzy: Seuk Wai Phoong , Seuk Yen Phoong , Sedigheh Moghavvemi , Kok Hau Phoong
• Języki publikacji: EN

Abstrakty

EN

The impact of structural changes as well as breaks on oil price fluctuations is studied in this article. There are a few channels, such as domestic prices and inflation, that cause the effect of oil price to pass through the economy. The higher crude oil price is immediately followed by the increase in oil products such as gasoline and heating oil. The direct effects continue as people choose alternative ener-gy sources, leading to the increase in price. Besides, the indirect effect on inflation as a result of the be-havioral responses of the firms and workers which is known as the "second round" effects in which higher wages is being demanded. This article uses exploratory data analysis to discover the patterns of the variables' series and then examines the relationship between oil price and consumer price index. Multiple breakpoint test is thereafter used to identify the structural changes in time-varying variables. (original abstract)

Słowa kluczowe

EN

Oil prices; Price index; Data analysis

PL

Ceny ropy naftowej; Indeks cen; Analiza danych

• Czasopismo: Foundations of Management
• Rocznik: 2019
• Tom: 11
• Numer: nr 1
• Strony: 187--196

Twórcy

autor

Seuk Wai Phoong

• University of Malaya, Malaysia

autor

Seuk Yen Phoong

• Sultan Idris Educational University, Malaysia

autor

Sedigheh Moghavvemi

• University of Malaya, Malaysia

autor

Kok Hau Phoong

• Sultan Azlan Shah University, Malaysia

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Identyfikatory

DOI

10.2478/fman-2019-0016