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Title: :  Import Demand Function for Petroleum in India during Liberalization
PaperId: :  1183
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 1 Issue 3 2015
DUI:    16.0415/IJARIIE-1183
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
DR MANOJ KUMAR MISHRAAMITY UNIVERSITY

Abstract

ECONOMICS AND MANAGEMENT
Demand function, Equilibrium, unit root, Cointegration, and error correction model
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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IJARIIE DR MANOJ KUMAR MISHRA. "Import Demand Function for Petroleum in India during Liberalization" International Journal Of Advance Research And Innovative Ideas In Education Volume 1 Issue 3 2015 Page 11-17
MLA DR MANOJ KUMAR MISHRA. "Import Demand Function for Petroleum in India during Liberalization." International Journal Of Advance Research And Innovative Ideas In Education 1.3(2015) : 11-17.
APA DR MANOJ KUMAR MISHRA. (2015). Import Demand Function for Petroleum in India during Liberalization. International Journal Of Advance Research And Innovative Ideas In Education, 1(3), 11-17.
Chicago DR MANOJ KUMAR MISHRA. "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.
Oxford 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, 2015, p. 11-17. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/Import_Demand_Function_for_Petroleum_in_India_during_Liberalization_ijariie1183_volume_1_13_page_11_17.pdf (Accessed : 09 November 2016).
Harvard DR MANOJ KUMAR MISHRA. (2015) 'Import Demand Function for Petroleum in India during Liberalization', International Journal Of Advance Research And Innovative Ideas In Education, 1(3), pp. 11-17IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/Import_Demand_Function_for_Petroleum_in_India_during_Liberalization_ijariie1183_volume_1_13_page_11_17.pdf (Accessed : 09 November 2016)
IEEE 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, Jul-Aug 2015. [Online]. Available: http://ijariie.com/AdminUploadPdf/Import_Demand_Function_for_Petroleum_in_India_during_Liberalization_ijariie1183_volume_1_13_page_11_17.pdf [Accessed : 09 November 2016].
Turabian DR MANOJ KUMAR MISHRA. "Import Demand Function for Petroleum in India during Liberalization." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 1 number 3 (09 November 2016).
Vancouver DR MANOJ KUMAR MISHRA. Import Demand Function for Petroleum in India during Liberalization. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2015 [Cited : 09 November 2016]; 1(3) : 11-17. Available from: http://ijariie.com/AdminUploadPdf/Import_Demand_Function_for_Petroleum_in_India_during_Liberalization_ijariie1183_volume_1_13_page_11_17.pdf
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