{"title":"Russia-Ukraine War and Return Predictability of Commodity Prices","authors":"Olabisi F. Olaniran Akinyele","doi":"10.46557/001c.91536","DOIUrl":"https://doi.org/10.46557/001c.91536","url":null,"abstract":"We explored the implications of the Russia-Ukraine (RUK) crisis on return predictability of selected commodity prices in the international market. We find that the crisis has a significant impact on the returns of gas, palladium, London wheat, and United States wheat. Our findings offer robust and insightful conclusions for policymakers on the heightened effect of the war on return predictability of global commodity prices.","PeriodicalId":348903,"journal":{"name":"Energy RESEARCH LETTERS","volume":"85 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140371222","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
P. K. Sahoo, Debasis Pahi, Biplab Kumar Guru, Nirupama Mohanty
{"title":"Causal Nexus Between COVID-19 Risk and Global Oil Price Shocks: Evidence From a Time and Frequency Causality Approach","authors":"P. K. Sahoo, Debasis Pahi, Biplab Kumar Guru, Nirupama Mohanty","doi":"10.46557/001c.90286","DOIUrl":"https://doi.org/10.46557/001c.90286","url":null,"abstract":"This paper examines the causal relationship between global oil price returns and aggregate COVID-19 index and COVID-19 uncertainty index by using daily data from 31st December 2020 to 28th April 2021. The results from the causality test show unidirectional causality from aggregate COVID-19 index to oil price returns and from uncertainty index to oil price returns. Furthermore, the frequency domain causality reveals the same results for both short and long periods. From a policy perspective, investors and industry people should pay attention to the uncertainty caused by COVID-19.","PeriodicalId":348903,"journal":{"name":"Energy RESEARCH LETTERS","volume":"478 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139833475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
P. K. Sahoo, Debasis Pahi, Biplab Kumar Guru, Nirupama Mohanty
{"title":"Causal Nexus Between COVID-19 Risk and Global Oil Price Shocks: Evidence From a Time and Frequency Causality Approach","authors":"P. K. Sahoo, Debasis Pahi, Biplab Kumar Guru, Nirupama Mohanty","doi":"10.46557/001c.90286","DOIUrl":"https://doi.org/10.46557/001c.90286","url":null,"abstract":"This paper examines the causal relationship between global oil price returns and aggregate COVID-19 index and COVID-19 uncertainty index by using daily data from 31st December 2020 to 28th April 2021. The results from the causality test show unidirectional causality from aggregate COVID-19 index to oil price returns and from uncertainty index to oil price returns. Furthermore, the frequency domain causality reveals the same results for both short and long periods. From a policy perspective, investors and industry people should pay attention to the uncertainty caused by COVID-19.","PeriodicalId":348903,"journal":{"name":"Energy RESEARCH LETTERS","volume":"54 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139773762","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Idris A. Adediran, Y. O. Adegoke, Abdulfatai Salawudeen
{"title":"Have Precious Metals Lost Their Protective Powers During COVID-19 and the Russia-Ukraine War?","authors":"Idris A. Adediran, Y. O. Adegoke, Abdulfatai Salawudeen","doi":"10.46557/001c.89771","DOIUrl":"https://doi.org/10.46557/001c.89771","url":null,"abstract":"We reassess the inflation-hedging potentials of precious metals during the COVID-19 and Russia-Ukraine war periods and document findings for some advanced and emerging markets. We adopt the dynamic panel threshold regression model and account for the policy rates of the economies in the analyses. We find that while gold retained its protective powers, the reverse was the case for silver during the pandemic and the war in Ukraine. We offer a suggestion for investors and recommend that related studies take account of the monetary policy environment of the markets.","PeriodicalId":348903,"journal":{"name":"Energy RESEARCH LETTERS","volume":"10 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139591558","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Understanding Price Leadership in Fiji’s Energy Market","authors":"B. Prasad, P. Narayan, Joel Abraham","doi":"10.46557/001c.89255","DOIUrl":"https://doi.org/10.46557/001c.89255","url":null,"abstract":"In this note, we explore price leadership in Fiji’s energy market. Using key energy prices, such as oil, diesel, premix, kerosene and motor spirits, we propose a price leader model. The price discovery model and its theory were proposed by Westerlund, Reese, and Narayan (2017). Using an application of this model to Fiji’s energy price data, we unravel evidence that premix is the market leader with a 54.8% market share followed by the oil price (33.9%). From these results, we draw implications for price regulations and identify the future direction for energy policy.","PeriodicalId":348903,"journal":{"name":"Energy RESEARCH LETTERS","volume":"124 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139134147","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Price Controlled Petroleum and LPG Prices and COVID-19: Some Evidence From Fiji","authors":"Joel Abraham, Akeneta Vonoyauyau, S. W. Narayan","doi":"10.46557/001c.88995","DOIUrl":"https://doi.org/10.46557/001c.88995","url":null,"abstract":"This note examines the effects of the COVID-19 pandemic on price-controlled petroleum and LPG prices in Fiji. We develop autoregressive models of price control orders authorised by the Fijian Competition and Consumer Commission and find that the controlled prices of imported fossil fuels in Fiji did increase during the COVID-19 because of supply chain issues during the pandemic. Moreover, the effect of the pandemic on LPG prices was greater than those on petrol prices. These effects of the COVID-19 pandemic are found to be insignificant, which implies that consumers of imported fossil fuel were shielded by the price control policy and in the case of transport fuel, reduced demand for transport fuel due to the economic lockdowns also provided some relief in the domestic market.","PeriodicalId":348903,"journal":{"name":"Energy RESEARCH LETTERS","volume":" 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139135609","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Effect of Trade Development on Fossil Fuel Consumption in South Asian Countries","authors":"Mohammad Rifat Rahman","doi":"10.46557/001c.84456","DOIUrl":"https://doi.org/10.46557/001c.84456","url":null,"abstract":"Utilizing the Autoregressive Distributed Lag (ARDL) framework for cointegration, this study performs a comprehensive long and short-run analysis of the connection between trade development and fossil fuel consumption using data from 1980 to 2020. Fossil fuel consumption in Bangladesh and Pakistan is influenced by exports, based on co-integration among the variables. Trade openness is positively significant in Nepal. This is in contrast to Bangladesh, where it is negatively significant. Additionally, the exchange rate employs a positive significance in Bangladesh and India while negative in Nepal. The short-run analysis reveals similar relational dynamics, whereas the exchange rate positively influences Pakistan.","PeriodicalId":348903,"journal":{"name":"Energy RESEARCH LETTERS","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127744624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Impact of Macroeconomic Variables on Economic Growth: A Mediation-moderation Model Evidence From Pakistan","authors":"Hameeda Akhtar, Tabassum Un Nisa","doi":"10.46557/001c.84454","DOIUrl":"https://doi.org/10.46557/001c.84454","url":null,"abstract":"This study explores the combined effect of some macroeconomic variables on Pakistan’s economic growth from 1970 to 2022 in the presence of the Environmental Kuznets Curve. The results indicate that energy usage significantly affects carbon dioxide (CO2) emissions, while industrialization, exports and financial development negatively affect CO2 emissions. Financial development, energy consumption, CO2 emissions and industrialization have a positive correlation with economic growth. Exports, however, has a negative correlation with economic growth.","PeriodicalId":348903,"journal":{"name":"Energy RESEARCH LETTERS","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116834426","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Kazeem O. Isah, A. Sule, Adelakun O. Johnson, K. S. Alehile
{"title":"Experimenting With the Forecasting Power of Publicity in the Predictability of Climate Change in Africa","authors":"Kazeem O. Isah, A. Sule, Adelakun O. Johnson, K. S. Alehile","doi":"10.46557/001c.77907","DOIUrl":"https://doi.org/10.46557/001c.77907","url":null,"abstract":"Motivated by the fact that the majority of news outlets in Africa have not sufficiently covered climate change issues, we innovatively construct a news-based index, drawing from the big data archive of Google Trends, as a proxy for publicity in the predictability of climate change. We show that increasing publicity about climate change has the potential to cause emission reduction and slow climate change.","PeriodicalId":348903,"journal":{"name":"Energy RESEARCH LETTERS","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129424821","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Nexus Between Green Finance and Sustainable Green Economic Growth","authors":"Muhammad Mohsin, Nadeem Iqbal, Robina Iram","doi":"10.46557/001c.78117","DOIUrl":"https://doi.org/10.46557/001c.78117","url":null,"abstract":"Sustainable green growth requires green finance to improve the financial sector, better the environmental and enhance economic development. This study examines how green spending affects the nation’s economy in the long term. Green finance is a market-based investment that considers environmental impact when assessing risk. Hence, the study explores green financing as a means to reduce environmental risks in developing economies. The study aims to boost the value of the environment and its natural capital to improve the well-being of humans.","PeriodicalId":348903,"journal":{"name":"Energy RESEARCH LETTERS","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122902939","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}