The impact of oil price changes on inflation and disaggregated inflation: Insights from Ghana

Anyars, Suleman Ibrahim; Adabor, Opoku

doi:10.1016/j.resglo.2023.100125

Cited by 5 publications

(3 citation statements)

References 45 publications

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“…Our choice of the ARDL model is supported by Anyars and Adabor [13]. The model is suitable for analysis because it takes into account all the factors and computes the asymmetric shocks.…”

Section: Methodsmentioning

confidence: 99%

“…They showed that the pandemic led to improved inflation by oil shocks and that these shocks were asymmetrical (negative as well a positive shocks) in the ASEAN5 + 3 countries: Malaysia, Singapore, Thailand, the Philippines, and Japan. Asymmetric oil shocks causing inflation was first discovered by Anyars and Adabor [13] in Ghana. Their findings show that the sector most affected by the oil shocks is the transport sector followed by the food and energy sector.…”

Section: Introductionmentioning

confidence: 99%

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Preventing Oil Shock Inflation: Sustainable Development Mechanisms vs. Islamic Mechanisms

Benhamed

Gassouma

2023

Sustainability

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This paper discusses the effects of both sustainable development and an Islamic system on the transmission of oil shocks into inflation. Sustainable development in this context includes wealth distribution equity, public governance effectiveness and alternative energy creation for the promotion of economic growth. These factors have been revised by Askari and Mirakhor under an Islamic approach using a set of Islamic indices to reflect a social, economic, political and ecological system that is in compliance with the Sharia principles. Using the ARDL model, we tested whether these Islamic mechanisms could have played the role of sustainable development in the fight against the transmission of oil shocks into inflation in MENA countries during the period 2000–2018. The results show that the Islamic system can play the role of sustainable development better than the traditional one, through fostering social equity, fighting against corruption, promoting humanity in employability and facilitating growth of the real economy. These Islamic values slow down the inflationary phenomenon caused by oil shocks.

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“…Our choice of the ARDL model is supported by Anyars and Adabor [13]. The model is suitable for analysis because it takes into account all the factors and computes the asymmetric shocks.…”

Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Preventing Oil Shock Inflation: Sustainable Development Mechanisms vs. Islamic Mechanisms

Benhamed

Gassouma

2023

Sustainability

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“…According to its Supporters (Ferderer, 1996;Hooker, 1999;Anyars and Adabor, 2023). Fluctuations in oil revenues have a positive impact on macro variables, particularly economic growth.…”

Section: The Second Opinionmentioning

confidence: 99%

The Impact of Fluctuating Oil Revenues on Economic Growth: New Evidence from Saudi Arabia

Natto

2024

IJEEP

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The fluctuations that occur in oil revenues are among the main reasons that lead to disruptions in economies that depend on them. Hence, this study aims to find out the impact of fluctuation in oil revenues on the economic growth for the Kingdom of Saudi Arabia during the period from 2000 to 2020. The study showed that the relationship between the fluctuations of oil revenues and economic growth may be either a positive relationship, and this relationship is confirmed in oil-exporting countries, which is the most common relationship, or a negative relationship, and this relationship is confirmed in oil-importing countries, which is the exceptional case. In order to find out the direction of this relationship in the Kingdom, the study used the application of the Autoregressive Distributed Lag Model (ARDL) model. The study concluded that the fluctuations of oil revenues has significant positive effects on the economic growth of the Kingdom of Saudi Arabia in the short and long terms. Therefore, the study recommends the need for the Kingdom to exploit these revenues in areas that achieve a return for it at the present time and in the future, in a manner that guarantees the diversification of the economy and its non-disruption when any disturbances occur in these revenues, as well as keeping part of these revenues in its sovereign fund to guarantee the rights of future generations.

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Trade openness and inflation dynamics in ECOWAS countries: An empirical investigation

Darkwah,

Sakyi,

Opoku

2023

The Journal of International Trade & Economic Development

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The impact of oil price changes on inflation and disaggregated inflation: Insights from Ghana

Cited by 5 publications

References 45 publications

Preventing Oil Shock Inflation: Sustainable Development Mechanisms vs. Islamic Mechanisms

Preventing Oil Shock Inflation: Sustainable Development Mechanisms vs. Islamic Mechanisms

The Impact of Fluctuating Oil Revenues on Economic Growth: New Evidence from Saudi Arabia

Trade openness and inflation dynamics in ECOWAS countries: An empirical investigation

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