This study investigates the response of Chinese stock returns to oil prices amidst COVID-19 pandemic using both linear and nonlinear autoregressive distributed lag (ARDL) models. The results indicate that price Global Fear Index ( GFI ), respectively, affect positively negatively in short run. While asymmetry matters, do not respond changes long

This study examines the nexus between oil prices (Oil) and economic output (IIP) asymmetrically in Indian context using quarterly data from 1996–1997:Q1 to 2019–2020:Q4. To this end, we have used a nonlinear autoregressive distributed lag (NARDL) model. The main findings of are as follows—firstly, Wald test confirms nonlinearities among negative positive shocks Oil, EX IR long run. Secondly, NA...

The extensive fluctuations in oil prices have vast impacts on economies. The economical instability may be observed for both oil-exporting and oil-importing countries due to high volatility of oil prices. Oil price data as a time series is a highly nonlinear system which exhibits complex patterns. Traditional oil time series analysis employs statistical methods to model and explain the oil data...

the price of oil plays an important role in the global economy and is an important factor influencing the government and commercial sectors. because of increasing importance of oil in financial markets, oil price predictions have always been an important subject for the researchers in economics, and other economic agents. this paper tries to study the behavior of crude oil prices based on smoot...

Using the oil price increase of 1979 as a natural experiment and several event study specifications, this paper finds evidence that the oil spike induced significant decreases in carbon emissions on both the intensive (miles driven) and extensive (auto fuel efficiency) margins. Further, it appears that substitution on the intensive margin occurred instantaneously whereas extensive margin substi...

This paper uses a quantile impulse response approach to investigate the impact of oil price shocks on Chinese stock returns. This process allows us to uncover asymmetric effects of oil price shocks on stock market returns by taking into account the different quantiles of oil price shocks. Our results show that the responses of Chinese stock market returns to oil price shocks differ greatly, dep...

This paper proposes a method of distinguishing between the effect of anticipated and unanticipated changes in oil prices and oil inventories on the US gasoline prices. I show that gasoline price adjustments are faster and stronger for anticipated changes in oil prices and inventory levels than for unanticipated changes. The dynamics of the gasoline price response depends on the relative importa...

a r t i c l e i n f o A global computable general equilibrium model is used to analyze the economic impacts of rising oil prices with endogenously determined availability of biofuels to mitigate those impacts. The negative effects on the global economy are comparable to those found in other studies, but the impacts are unevenly distributed across countries/regions or sectors. The agricultural s...