Do crude oil price changes affect economic growth of India, Pakistan and Bangladesh? : A multivariate time series analysis

This paper analyzes empirically the effect of crude oil price change on the economic growth of Indian-Subcontinent (India, Pakistan and Bangladesh). We use a multivariate Vector Autoregressive analysis followed by Wald Granger causality test and Impulse Response Function (IRF). Wald Granger causality test results show that only India’s economic growth is significantly affected when crude oil price decreases. Impact of crude oil price increase is insignificantly negative for all three countries during first year. In second year, impact is negative but smaller than first year for India, negative but larger for Bangladesh and positive for Pakistan.

”Ni är inte välkomna i vårt fina Malmö” : Premisser för samhällsgemenskap i kamp mot organiserad brottslighet

”You are not welcome in our lovely Malmo”: Conditions for belonging in mobilization against organized crime Several murders occurred in the Swedish city of Malmö between 2011 and 2012. Against this backdrop, the municipality and the police initiate a public campaign. The aim is to mobilize the city’s population against organized crime. In this study the ideology of the initiative is analysed. It is argued that the representation of organized crime as nurtured by the black economy can be read as an example of neoliberal revanchist city agenda, albeit an ambivalent one. The role of groups working in the low-price sphere of the economy becomes that of a threatening projection, while a consumption ideology regulates the boundaries of belonging