Asymmetric effects of oil price shocks on income inequality in ASEAN countries

Tan, Yan; Uprasen, Utai

doi:10.1016/j.eneco.2023.107033

Cited by 4 publications

(1 citation statement)

References 133 publications

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“…Furthermore, the authors report immediate currency depreciations that are long-lasting for Mexico and Russia. Tan and Uprasen (2023) observe that in petroleum-exporting countries, higher petroleum prices lead to a decline in income inequality, but for petroleum-importing countries, they contribute to an increase in income inequality. Conversely, upsurges in petroleum price volatility are found to increase income inequality in both groups.…”

Section: Petroleum Prices and Economic Variablesmentioning

confidence: 99%

A Survey of Literature on the Interlinkage between Petroleum Prices and Equity Markets

Bagirov,

Mateus

2024

JRFM

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The multifaceted interrelationship between petroleum prices and equity markets has been a subject of immense interest. The current paper offers an extensive review of a plethora of empirical studies in this strand of literature. By scrutinising over 190 papers published from 1983 to 2023, our survey reveals various research themes and points to diverse findings that are sector- and country-specific and contingent on employed methodologies, data frequencies, and time horizons. More precisely, petroleum price changes and shocks exert direct or indirect effects dictated by the level of petroleum dependency across sectors and the country’s position as a net petroleum exporter or importer. The interlinkages tend to display a time-varying nature and sensitivity to major market events. In addition, volatility is not solely spilled from petroleum to equity markets; it is also observed to transmit in the reverse direction. The importance of incorporating asymmetries is documented. Lastly, the summarised findings can serve as the basis for further research and reveal valuable insights to market participants.

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Section: Petroleum Prices and Economic Variablesmentioning

confidence: 99%