Goyal, Ashima; Singh, Arjun - In: Margin: The Journal of Applied Economic Research 1 (2007) 2, pp. 139-166
In order to examine if the impact of oil price shocks depends on the structure of an economy, a vertical (VSC) and a horizontal (HSC) long-run supply curve identifications are successively imposed on a three-variable structural vector autoregression (SVAR) with Indian time series data. While...