Geopolitical risk, economic policy uncertainty and global oil price volatility —an empirical study based on quantile causality nonparametric test and wavelet coherence
This paper uses bivariate quantile causality nonparametric test and wavelet coherence to analyze the impacts of geopolitical risks and global economic policy uncertainty on global oil market price fluctuations. Quantitative results show that the international geopolitical risk and uncertainty in glo...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2022-05-01
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| Series: | Energy Strategy Reviews |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2211467X22000499 |
| _version_ | 1811257760922206208 |
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| author | Yijun Wang Meiyun Wei Usman Bashir Chao Zhou |
| author_facet | Yijun Wang Meiyun Wei Usman Bashir Chao Zhou |
| author_sort | Yijun Wang |
| collection | DOAJ |
| description | This paper uses bivariate quantile causality nonparametric test and wavelet coherence to analyze the impacts of geopolitical risks and global economic policy uncertainty on global oil market price fluctuations. Quantitative results show that the international geopolitical risk and uncertainty in global economic policy will lead to changes in the international market oil prices. At the same time, not only in the short term, this impact is still significant in the long term. Especially after 2016, the impacts of the double “uncertainty” high-risk events should be monitored closely. |
| first_indexed | 2024-04-12T18:02:31Z |
| format | Article |
| id | doaj.art-9d398c385c654fff91e23e25956b634c |
| institution | Directory Open Access Journal |
| issn | 2211-467X |
| language | English |
| last_indexed | 2024-04-12T18:02:31Z |
| publishDate | 2022-05-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Strategy Reviews |
| spelling | doaj.art-9d398c385c654fff91e23e25956b634c2022-12-22T03:22:07ZengElsevierEnergy Strategy Reviews2211-467X2022-05-0141100851Geopolitical risk, economic policy uncertainty and global oil price volatility —an empirical study based on quantile causality nonparametric test and wavelet coherenceYijun Wang0Meiyun Wei1Usman Bashir2Chao Zhou3School of Public Administration, Xi ‘an University of Architecture and Technology, Shanxi, 710055, ChinaSchool of Public Administration, Xi ‘an University of Architecture and Technology, Shanxi, 710055, ChinaDepartment of Economics and Finance, College of Business Administration, University of Bahrain, Sakhir, Kingdom of Bahrain; Corresponding author.Zhangye Central Branch of the People's Bank of China, Gansu, 734000, ChinaThis paper uses bivariate quantile causality nonparametric test and wavelet coherence to analyze the impacts of geopolitical risks and global economic policy uncertainty on global oil market price fluctuations. Quantitative results show that the international geopolitical risk and uncertainty in global economic policy will lead to changes in the international market oil prices. At the same time, not only in the short term, this impact is still significant in the long term. Especially after 2016, the impacts of the double “uncertainty” high-risk events should be monitored closely.http://www.sciencedirect.com/science/article/pii/S2211467X22000499Geopolitical riskEconomic policy uncertaintyOil marketsQuantile causality testWavelet coherence |
| spellingShingle | Yijun Wang Meiyun Wei Usman Bashir Chao Zhou Geopolitical risk, economic policy uncertainty and global oil price volatility —an empirical study based on quantile causality nonparametric test and wavelet coherence Energy Strategy Reviews Geopolitical risk Economic policy uncertainty Oil markets Quantile causality test Wavelet coherence |
| title | Geopolitical risk, economic policy uncertainty and global oil price volatility —an empirical study based on quantile causality nonparametric test and wavelet coherence |
| title_full | Geopolitical risk, economic policy uncertainty and global oil price volatility —an empirical study based on quantile causality nonparametric test and wavelet coherence |
| title_fullStr | Geopolitical risk, economic policy uncertainty and global oil price volatility —an empirical study based on quantile causality nonparametric test and wavelet coherence |
| title_full_unstemmed | Geopolitical risk, economic policy uncertainty and global oil price volatility —an empirical study based on quantile causality nonparametric test and wavelet coherence |
| title_short | Geopolitical risk, economic policy uncertainty and global oil price volatility —an empirical study based on quantile causality nonparametric test and wavelet coherence |
| title_sort | geopolitical risk economic policy uncertainty and global oil price volatility an empirical study based on quantile causality nonparametric test and wavelet coherence |
| topic | Geopolitical risk Economic policy uncertainty Oil markets Quantile causality test Wavelet coherence |
| url | http://www.sciencedirect.com/science/article/pii/S2211467X22000499 |
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