New Research by Mixon Investigates Impact of Oil Price Volatility in India

With over one billion population, India is the third largest consumer of petroleum on the globe. To maintain this position, India imports a substantial percentage of its total oil consumption. The world oil market can be extremely volatile. Given India’s current position as a large importer of oil, how does oil price volatility affect the Indian economy? This question is addressed in new research by Turner College economist Frank Mixon and his co-authors, Kamal Upadhyaya of the University of New Haven and Raja Nag of New York Institute of Technology, in new research appearing in the International Journal of Financial Studies. Results reported in the study suggest that innovations in oil prices explain about 10.5% of the variation in India’s aggregate output over three months, rising to about 11.5% over six months, before falling to 10.25% percent over nine months, and again to about 9.5% over one year.

Relatedly, impulse response functions presented and explained in the study show that a shock in oil prices impacts aggregate output beginning in the third period, reaching a plateau after the sixth period. Lastly, Mixon and his colleagues caution that the results of their study may not apply globally, or even to other south Asian countries. Thus, the approach they use to examine the impact of oil price shocks on India’s economy should be applied to other countries, particularly those in south Asia (e.g., Sri Lanka, Nepal, etc.).

Comments

Four Turner College Faculty Recognized for Outstanding Teaching

CSU Head Women's Soccer Coach Jay Entlich recently released a list of CSU faculty who have been chosen by a player as a member of the CSU faculty who has impacted the player in a positive way along their journey at CSU. Four Turner College faculty were included on the list, along with the player who nominated each. Management professor Phil Bryant was named by Sophia Leal , a freshman midfielder from Oxford, Georgia. Sophia attended Eastside High School and was a two-time all-region selection during her high school career. Through the first 10 games of 2024, she has scored one goal and recorded three assists. Next, management professor John Finley was named by Lizz Forshaw , a graduate student forward from Stockton, England. Lizz, who attended IMG Academy in south Florida, has scored four goals and recorded four assists this season. During her senior year in 2023, she scored three goals and recorded two assists. As a junior in 2022, Lizz scored three goals ...

Turner College Grad Publishes Academic Study on Corporate Culture and Strategy

Former Turner College student Tamara Todorova , now an associate professor of economics at American University in Bulgaria (AUB), recently published a study on corporate culture and strategy. Todorova earned an MBA from the Turner College in 1996 and then went on to earn a doctorate in international economics from the University of Economics - Varna in 2001. She has been on the faculty at AUB since August of 2000. Todorova's study, which appears in the current issue of the International Journal of Business Performance Management , investigates how corporate culture helps to economize on the transaction costs of internal organization. As she explains, the dimensions of corporate culture that assist in this task include increasing trust and reducing intrafirm opportunism. Todorova's study demonstrates that setting common goals and a common direction reduces the sizeable costs of internal organization. Tamara's prior research appears in Economics of Transition , International ...

Hammer joins Turner College Finance Faculty

The Turner College's Department of Accounting and Finance welcomes Melissa Ingle Hammer , who joins the group as an adjunct faculty in finance. Hammer graduated from the Turner College in 2005, after earning a BBA in finance. She later went on to earn an MBA from Auburn University, a Specialist Certificate in Conduct Risk from the University of Manchester, a Certificate in Team Culture from the University of Pennsylvania, and a Certificate in Executive Presence from Cornell University. Hammer is the SVP of Fair Lending Product Management with RiskExec at Asurity. She previously worked as Compliance Manager of Fair Lending at Synovus, a senior regulatory consultant with Wolters Kluwer, and as VP of Compliance at TD. This semester Hammer will be teaching FINC 3135, Financial Institutions and Technologies. Turner Business welcomes Melissa and wishes her a great first semester in the Turner College.

Turner Business

Search This Blog