Do Various Sectors Respond to Oil Price Shocks? New Evidence for Indonesia as Emerging Market

Sukarno, Subiakto; Setiawati, Marla

doi:10.32479/ijeep.9477

Cited by 3 publications

(3 citation statements)

References 12 publications

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“…From the perspective of China (Cao et al, 2013) noticed a strong correlation between sectoral indices during market ups and down conditions, otherwise, it was lower. In the Indonesian region, (Soekarno and Setiawati, 2020) identified a considerable positive and negative impact of oil on various sectors. Vardar et al (2012); Ahmed (2016) on sector linkages in other regions such as Turkey and Egypt mentioned the short-run diversification possibility across sectoral indices.…”

Section: Literature Reviewmentioning

confidence: 99%

Linkages Between Oil Sectors Returns of Asian Emerging Stock Markets: Unearthing the Hidden Opportunity for Portfolio Diversificatio

Velip¹,

Raju²

2020

IJEEP

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The increase in the extent of integration between global markets declined the opportunity for international portfolio diversification. This in turn created the hurdles amongst the investors and therefore recently they either prefer less correlated emerging markets or asset allocation at sectoral level. In view of this, considering Asian emerging markets at the forefront of portfolio diversification venue globally, this research aims at examining the linkages and portfolio diversification prospects across the oil sectors of eight Asian emerging stock markets. The study used VAR based Causality/Block Exogeneity Wald test and Forecast Error Variance Decomposition to investigate the data period of January 01, 2004, to August 31, 2019. The results exhibited a weak form of linkages between Asian emerging markets oil sector indices and therefore, it would be a great platform for the portfolio managers and investors to reap diversification benefits in this region.

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Section: Literature Reviewmentioning

confidence: 99%

Linkages Between Oil Sectors Returns of Asian Emerging Stock Markets: Unearthing the Hidden Opportunity for Portfolio Diversificatio

Velip¹,

Raju²

2020

IJEEP

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“…Numerous different factors have contributed to the fluctuating price of crude oil over time. Crude oil price refers to the current market price of a barrel of unrefined petroleum, which is the raw material extracted from the ground (Shaari, Pei, & Rahim, 2013). Demand and supply in the market contributed to the baseline for determining the crude oil price which it basically refers to the price at which this crude oil can be purchased or sold on different commodities markets around the world (Sek, 2023).…”

Section: Introductionmentioning

confidence: 99%

“…The complex relationship between crude oil prices and inflation rates can be influenced by a number of variables. The majority of corporate costs that flow directly into consumption and production within the economy now include a relevant contribution from crude oil (Shaari et al, 2013). The production of many goods and services relies heavily on petroleum.…”

Section: Introductionmentioning

confidence: 99%

The Case Study on the Impact of Crude Oil Price Affecting the Inflation Rate in Malaysia

Win

2023

SLJIL

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The uncertainty in the economic growth had been highly contributed by multiple factors which does not exclude the suggestion on the impact from the crude oil prices. The major impact from the crude oil prices had been strong in influencing the rising prices of the consumer’s goods and services which often translate into the rising inflation for the country. With reference to this., the objective for the current study will focus into exploring the investigation on the impact of the crude oil price against the impact on the inflation rate within the economic condition of Malaysia. The quantitative study method had been developed where the results and findings for the study had achieved the outcome identifying the significant positive relationship between the crude oil price in affecting the inflation rate in Malaysia. The outcome for the research had been crucial address towards the achievement in the academic study reducing the gap in literature review as well as developing further reference for the individuals and businesses to plan the financial resources in the future in Malaysia.

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Comparative analysis of Indonesian Crude Oil Price (ICP) to gross product worth – A case study of the oil and gas industry

Susanto¹,

Saputra²

2023

5th International Conference on Electrical, Electronic, Communication and Control Engineering (Iceecc 2021)

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Do Various Sectors Respond to Oil Price Shocks? New Evidence for Indonesia as Emerging Market

Cited by 3 publications

References 12 publications

Linkages Between Oil Sectors Returns of Asian Emerging Stock Markets: Unearthing the Hidden Opportunity for Portfolio Diversificatio

Linkages Between Oil Sectors Returns of Asian Emerging Stock Markets: Unearthing the Hidden Opportunity for Portfolio Diversificatio

The Case Study on the Impact of Crude Oil Price Affecting the Inflation Rate in Malaysia

Comparative analysis of Indonesian Crude Oil Price (ICP) to gross product worth – A case study of the oil and gas industry

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