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Impact of Russia-Ukraine War on Sustainable Development Goals: A Study through Indian Financial Market Perspective
2023
Journal:  
International Journal of Energy Economics and Policy
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Abstract This study measures impact of geopolitical crisis concerning Russia Ukraine War with reference to Sustainable development Goal 8. The researchers have analyzed the variables such as Indian stock market performance, MCX crude oil and Indian GDP Indices to calculate the linear interdependencies among crude oil, Indian stock market performance and Gross Domestic Product using monthly data from January 2016 to May 2022 using a Vector Autoregressive (VAR) model. Time series stationarity is checked using Augmented Dickey-Fuller test. The time series used for the analysis are MCX iCOMDEX crude oil Index, Nifty 50 Index, and GDP Index. Correlation is measured using the Granger Causality Test and VAR model.  The outcome demonstrates that the lagged values of the Nifty and crude oil prices indexes are very effectively used to explain the GDP Index. Granger’s Causation Matrix shows that past value of NIFTY Index causes change in GDP Index similarly past value of Nifty Index causes change in MCX Crude oil Index, whereas MCX crude oil does not cause much change in GDP Index. Further research could be done using a detailed time series for a longer period to find any impact of crude oil prices on GDP. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-01-22 How to Cite Pathak, S., Thakkar, J., Gurbaxani, A., Virani, S., & Thakkar, P. (2023). Impact of Russia-Ukraine War on Sustainable Development Goals: A Study through Indian Financial Market Perspective. International Journal of Energy Economics and Policy, 13(1), 389–394. https://doi.org/10.32479/ijeep.13895 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 1 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Make a Submission Make a Submission Dergi Kapağı

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International Journal of Energy Economics and Policy

Field :   Sosyal, Beşeri ve İdari Bilimler

Journal Type :   Uluslararası

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Article : 2.578
Cite : 3.962
2023 Impact : 0.22
International Journal of Energy Economics and Policy