Import Demand Function for Petroleum in India during Liberalization

DR MANOJ KUMAR MISHRA

Import Demand Function for Petroleum in India during Liberalization

October 2015

Vol-1, Issue-3

Paper ID: 1183

ISSN: 2395-4396

Downloads: 0

Abstract & Details

Research Area

ECONOMICS AND MANAGEMENT

Keywords

Demand function Equilibrium unit root Cointegration and error correction model

Abstract

At the end of seventies, Indian foreign trade sector received a big jolt on account of ongoing price hikes of petroleum products by OPEC and entire Indian economy got exposed to international economic shocks to a greater extent. This paper estimates a petroleum import demand function for India for the period 1981:04- 2006:03. In our empirical analysis of the petroleum demand function for India, cointegration and error correction modeling approaches have been used. Empirical results suggest that there exists a unique long-run or equilibrium relationship among quantities of imports of petroleum, relative import price, income variable, wholesale price index, total import duty, and foreign exchange reserve.

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Author Information

#	Name	Institute / Affiliation
1	DR MANOJ KUMAR MISHRA	AMITY UNIVERSITY

How to Cite

Use the following formats to cite this article in your research.

APA Style

MISHRA, DR MANOJ KUMAR (2015). Import Demand Function for Petroleum in India during Liberalization. International Journal of Advance Research and Innovative Ideas In Education, 1(3), 11-17.

MLA Style

MISHRA, DR MANOJ KUMAR. "Import Demand Function for Petroleum in India during Liberalization." International Journal of Advance Research and Innovative Ideas In Education, vol. 1, no. 3, 2015, pp. 11-17.

IEEE Style

DR MANOJ KUMAR MISHRA, "Import Demand Function for Petroleum in India during Liberalization," International Journal of Advance Research and Innovative Ideas In Education, vol. 1, no. 3, pp. 11-17, 2015.

Vancouver Style

MISHRA DR MANOJ KUMAR. Import Demand Function for Petroleum in India during Liberalization. International Journal of Advance Research and Innovative Ideas In Education. 2015;1(3):11-17.

Harvard Style

MISHRA, DR MANOJ KUMAR (2015) 'Import Demand Function for Petroleum in India during Liberalization', International Journal of Advance Research and Innovative Ideas In Education, 1(3), pp. 11-17.

Chicago Style

MISHRA, DR MANOJ KUMAR. "Import Demand Function for Petroleum in India during Liberalization." International Journal of Advance Research and Innovative Ideas In Education 1, no. 3 (2015): 11-17.

Turabian Style

MISHRA, DR MANOJ KUMAR. "Import Demand Function for Petroleum in India during Liberalization." International Journal of Advance Research and Innovative Ideas In Education 1, no. 3 (2015): 11-17.