Revisiting oil-stock nexus during COVID-19 pandemic: Some preliminary results
By Afees A. Salisu, G. Ebuh, N. Usman. International Review of Economics and Finance, 2020
253 citations recorded by the source corpus.
We provide some preliminary estimates about the behaviour of oil-stock nexus during COVID-19 pandemic. Consequently, we conduct distinct analyses for periods before and after the announcement of the pandemic. A panel Vector Autoregressive (pVAR) model is constructed to analyse the response of oil and stocks to shocks. A panel Logit model is also formulated to evaluate the probability of having negative oil price and stock returns between the two data samples. The pVAR analyses suggest that both oil and stock markets may experience greater initial and prolonged impacts of own and cross shocks during the pandemic than the period before it. This outcome is further corroborated by the panel Logit estimates suggesting that the probability of having negative oil and stock returns during the pandemic may be due uncertainty associated with the relevant markets.
Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/427b929985b630df24c71dde7b4d7d3a6159307e
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Citations in the corpus
- Exploring the Role of Islamic Fintech in Combating the Aftershocks of COVID-19: The Open Social Innovation of the Islamic Financial System (2021, background): “impact of pandemic could result in a vicious cycle of dampening business and economic activities and the road to recovery could be much longer than anticipated [111,112].”