Abstract The relationship between crude oil prices and countries' GDP is used to consider whether crude oil prices impact their economic growth and the extent to which they are impacted. To explore and investigate this relationship, the autoregressive distributed lag model (ARDL) was combined with the unit root, Pearson's correlation (two-tailed) tests, and time series collected from 1991 to 2020 to explore their relationship. The crude oil prices affecting Vietnam, China, and South Korea are -52.6%, -37.6%, -48.5%, respectively, while other countries have a minimal impact, such as Thailand (-20.3 %), Singapore (-24.7%), Indonesia (11.1%), Malaysia (-23.4%), Japanese (-18.3%) and America (-12.8%). Crude oil prices negatively impact all countries except Indonesia. In addition, the empirical results provide accurate forecasting and alternative energy policymaking for micromanagers who set sustainable economic growth goals and have short-term and long-term economic development strategies. Downloads Download data is not yet available. Downloads FULL TEXT Published 2022-07-19 How to Cite Van Dinh, D. (2022). Crude Oil Price Fluctuation and Economic Growth: ARDL Model Approach. International Journal of Energy Economics and Policy, 12(4), 240–248. https://doi.org/10.32479/ijeep.13177 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 12 No. 4 (2022) 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and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher.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
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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