Impact of crude oil price volatility on economic activities: An empirical investigation in the Thai economy

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Economic analysis of coal price–electricity price adjustment in China based on the CGE model (2010, background): “Rafiq et al. (2009), Zhang (2008), and Huang et al. (2005) adopted different methods to investigate the relationship between oil price shock and economic growth, and found that oil price shocks exert an adverse impact on economic growth.”
Oil prices and financial stress: A volatility spillover analysis (2015, background): “Rafiq et al. (2009) argue that the negative impact of an increase in oil price is usually found to be higher than the positive impact of a fall in oil prices.”
Impact of oil price shocks on output, inflation and the real exchange rate: evidence from selected ASEAN countries (2015, background): “Rafiq et al. (2009) examined the impact of oil price volatility on key macroeconomic variables in Thailand.”