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Beta Clustering of Impact of Crude-Oil Prices on the Indian Economy

Author

Listed:
  • Sumit Ghosh

    (Sri Sathya Sai Institute of Higher Learning, India)

  • N. Sivakumar

    (Sri Sathya Sai Institute of Higher Learning, India)

Abstract

Indian economy depends on crude-oil to sustain its fast growth. There are several studies which have tried to understand the impact of crude-oil prices on Indian economic parameters. The current study is intended to understand whether the extent of impact of crude-oil prices on selected economic parameters is similar. The results of the study show that the extent of impact of crude-oil prices on the Indian economy is not similar. The study has also performed a cluster analysis using the regression betas to classify the extent of impact of crude-oil price changes and identified four meaningful clusters.

Suggested Citation

  • Sumit Ghosh & N. Sivakumar, 2015. "Beta Clustering of Impact of Crude-Oil Prices on the Indian Economy," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(1), pages 24-34.
    • Handle: RePEc:ods:journl:v:4:y:2015:i:1:p:24-34
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    References listed on IDEAS

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