Natural resources volatility and South Asian economies: Evaluating the role of COVID-19

Zhou, Haonan; Li, Dongxin; Mustafa, Faisal; Altuntaş, Mehmet

doi:10.1016/j.resourpol.2021.102524

Cited by 43 publications

(3 citation statements)

References 59 publications

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“…Investment in coal rent increases GDP considerably, and banking sector investment increases GDP even more. Coal rent significantly impacts GDP, which Zhou et al [83] discovered that this effect may be amplified by encouraging a more favourable environment for natural resources. Energy consumption has a positive relationship with GDP per capita, with a coefficient value of 1.463, which implies that an increase in energy consumption would lead to a rise in per capita income; when seen through the lens of a 0.002 probability value, energy use stands out as a very influential factor.…”

Section: Resultsmentioning

confidence: 99%

The Economic Value of Natural Resources and Its Implications for Pakistan’s Economic Growth

et al. 2022

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Natural resources and ecological services provide the foundation for manufactured capital, increasing public financing and decreasing inequality by diversifying the economy. The exploitation of natural resources is frequently the backbone of economic stability in developing and middle-income nations. As a result of their importance, natural resources need vigilant and long-term management. Recent research has tested two hypotheses, the natural resource blessing hypothesis and the natural resource curse hypothesis, on the impact of a country’s natural resources on its economy. This research is an essential contribution to the growing body of work that attempts to quantify natural resource endowments’ role in national economic growth. Investigations focus on Pakistan and span the years 1975 through 2020. Robust Least Square (RLS) estimations show that coal rents, energy use, inbound FDI, and oil rents contribute to a country’s economic growth. While consumption of renewable energy sources and industrial value-added have a detrimental effect. Natural resources, foreign direct investment, energy consumption, and industrial ecology are predicted to significantly impact economic growth during the next decade, according to the Impulse Response Function (IRF) and the Variance Decomposition Analysis (VDA). The findings may provide helpful information for academic and governmental institutions to develop natural resource management policies for sustainable development.

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Section: Resultsmentioning

confidence: 99%

The Economic Value of Natural Resources and Its Implications for Pakistan’s Economic Growth

et al. 2022

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“…If the oil price increases, it reduces the demand, but the reduction in oil price enhances the economic growth of a country. During COVID-19, a decline has been reported in the prices of oil and other natural resources that unfavorably affect the import of energy and exporting economies, globally [34].…”

Section: Literature Reviewmentioning

confidence: 99%

Pre and Post-COVID-19 Financial Performance of Oil and Gas Companies: An Absolute and Relational Study of Financial Variables

Anis¹,

Ali²,

Fatima³

2023

IJSDP

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The outbreak of COVID-19 affected all aspects of individuals at a worldwide level. It harmed the physically and economically of individuals, and lower the growth of economies, globally. India the third largest consumer of oil and gas was affected by the pandemic, negatively. The study is based on the data collected from the financial statements of Indian oil and gas companies available on the websites. The purpose of the study is to know the financial performance of the Indian oil and gas companies pre and post-COVID-19 pandemic period. The absolute and relational financial variables are applied to get the absolute trend and relational growth of the financial performance of Indian oil and gas companies in graphical form. To explore the profit-earning capacity, short-term paying ability, and long-term paying ability of the Indian oil and gas companies, profitability (profit before tax ratio) ratio, liquidity (current ratio) ratio, and solvency (Debt-Equity ratio) ratio were applied. From 2015 to 2021, the absolute values of revenues, total expenses, and profit before tax were applied to get the trend in graphical form while stacked column charts were prepared to compare the profitability, liquidity, and long-term paying ability of the Indian oil and gas companies. During the pandemic period, total revenues, total expenses, profits, and profitability declined while liquidity and solvency status was unaffected by COVID-19 in Indian oil and gas companies. The profitability of the smaller Indian oil and gas companies improved more than the larger Indian oil and gas companies after the COVID-19 pandemic. It is found that the large-scale production of Indian oil and gas companies was affected more than the smallerscale production of Indian and gas companies by the negativity of the pandemic COVID-19 due to fixed expenses.

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“…Considering the resource rich economies, they also showed a positive association between the natural resources and sluggish economic growth during COVID-19. Zhou et al (2022) examined that the impact of natural resource price instability on economic performance of four South Asian economies. They employed time series panel data analysis and found a bidirectional causal relationship among pace of economic development, oil rents and natural gas rents except coal rents.…”

Section: Introductionmentioning

confidence: 99%

Examining the total factor productivity changing patterns in Kazakhstan: An input-output analysis

Yasmin

Refae

Eletter³

et al. 2022

JEECAR

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The interconnectedness of sectors displays the demand for inputs and supply as a level of output in any economy. This paper addresses the Total Factor Productivity (TFP) in Kazakhstan sectors by using input-output tables during 2012-2017. The change in total sectoral production was separated into two parts: the changes in technical coefficients of intermediate inputs and the change in value-added inputs, respectively. The main findings have identified a changing pattern in sectoral performance. At the same time, the result justified that various sectors such as; petroleum, manufacturing, construction, and food processing sectors have shown increased productivity. The country highly depends on extractive industries but still has better manufacturing value-added performance. The study suggests that to combat challenges like COVID-19 and climate change, it is vital to develop human capital and diversity. With diversification and innovative measures, an economy can attain sustainable economic growth in the long term.

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Natural resources volatility and South Asian economies: Evaluating the role of COVID-19

Cited by 43 publications

References 59 publications

The Economic Value of Natural Resources and Its Implications for Pakistan’s Economic Growth

The Economic Value of Natural Resources and Its Implications for Pakistan’s Economic Growth

Pre and Post-COVID-19 Financial Performance of Oil and Gas Companies: An Absolute and Relational Study of Financial Variables

Examining the total factor productivity changing patterns in Kazakhstan: An input-output analysis

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