Period

Variance decomposition of India oil prices due to shocks

India Oil

France

Spain

Malaysia

Singapore

Taiwan

Japan

3

98.92***

(0.531)

0.163

(0.183)

0.029

(0.156)

0.124

(0.238)

0.293

(0.293)

0.289

(0.342)

0.169

(0.210)

6

98.75***

(0.627)

0.165

(0.185)

0.032

(0.158)

0.125

(0.238)

0.446

(0.736)

0.298

(0.342)

0.181

(0.210)

9

98.756***

(0.627)

0.165

(0.185)

0.032

(0.158)

0.125

(0.238)

0.446

(0.736)

0.298

(0.342)

0.181

(0.210)

12

98.756***

(0.627)

0.165

(0.185)

0.032

(0.158)

0.125

(0.238)

0.446

(0.736)

0.298

(0.342)

0.181

(0.210)