Crude Oil Price and Inflation in Pakistan
Economy of Pakistan has witnessed several inflationary episodes and voluminous literature has been presented in
this regard but no specific attention has been given to the impact of crude oil prices on inflation in Pakistan. This
research is particularly aimed to determine the existence and intensity of relation between crude oil price and
inflation in Pakistan. Moreover the study also investigates other determinants of inflation in Pakistan. Effects of
crude oil price on GDP deflator have been analyzed using time series data from 1979 to 2012. For long run and short
run results Johansen Co-integration techniques have been employed for estimation. The study concludes that Money
Supply, Crude Oil Price, Exchange Rate, Interest rate and Indirect taxes have positive while real GDP has negative
impact on inflation during the study period.
Submission of work requires that the piece to be reviewed has not been previously published. Upon acceptance, the Author assigns to the Bulletin of Business and Economics (BBE) the right to publish and distribute the manuscript in part or in its entirety. The Author's name will always be included with the publication of the manuscript.
The Author has the following nonexclusive rights: (1) to use the manuscript in the Author's teaching activities; (2) to publish the manuscript, or permit its publication, as part of any book the Author may write; (3) to include the manuscript in the Author's own personal or departmental (but not institutional) database or on-line site; and (4) to license reprints of the manuscript to third persons for educational photocopying. The Author also agrees to properly credit the Bulletin of Business and Economics (BBE) as the original place of publication.
The Author hereby grants the Bulletin of Business and Economics (BBE) full and exclusive rights to the manuscript, all revisions, and the full copyright. Bulletin of Business and Economics (BBE) rights include but are not limited to the following:
(1) to reproduce, publish, sell, and distribute copies of the manuscript, selections of the manuscript, and translations and other derivative works based upon the manuscript, in print, audio-visual, electronic, or by any and all media now or hereafter known or devised; (2) to license reprints of the manuscript to third persons for educational photocopying; (3) to license others to create abstracts of the manuscript and to index the manuscript; (4) to license secondary publishers to reproduce the manuscript in print, microform, or any computer-readable form, including electronic on-line databases; and (5) to license the manuscript for document delivery. These exclusive rights run the full term of the copyright, and all renewals and extensions thereof.