2020
DOI: 10.30534/ijeter/2020/04872020
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Using Wavelet Analysis to Assess the Impact of COVID-19 on Changes in the Price of Basic Energy Resources

Abstract: To overcome a pandemic, reliable statistics are needed. It is also important to use assess the development and impact of the pandemic. This is important for making effective management decisions. Based on this, the paper analyzes the impact of COVID-19 on changes in the price of basic energy resources. This analysis is based on the ideology of wavelets. We used the method to calculate wavelet coherence estimates. The adequacy of using the ideology of wavelets to obtain appropriate estimates is shown. The resul… Show more

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Cited by 13 publications
(13 citation statements)
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“…Since the COVID-19 infection was first discovered in China at the end of 2019, COVID-19 has become increasingly widespread throughout the world, up to Indonesia [1], [2]. Developing countries, including Indonesia, have been affected by the COVID-19 pandemic, which has led to increased morbidity in pregnant women and adverse outcomes for newborns [3], [4]. Data from the Ministry of Health of the Republic of Indonesia demonstrate that to date, more than 2 million Indonesians have been infected with COVID-19 with a death rate of more than 70,000 people [4], [5].…”
Section: Introductionmentioning
confidence: 99%
“…Since the COVID-19 infection was first discovered in China at the end of 2019, COVID-19 has become increasingly widespread throughout the world, up to Indonesia [1], [2]. Developing countries, including Indonesia, have been affected by the COVID-19 pandemic, which has led to increased morbidity in pregnant women and adverse outcomes for newborns [3], [4]. Data from the Ministry of Health of the Republic of Indonesia demonstrate that to date, more than 2 million Indonesians have been infected with COVID-19 with a death rate of more than 70,000 people [4], [5].…”
Section: Introductionmentioning
confidence: 99%
“…Among the new methods for studying the corresponding financial data, the methods of the wavelet theory should be highlighted. These methods show good and reliable results (Mustafa et al, 2020;Vasiurenko, Lyashenko, Baranova & Deineko, 2020;Baranova et al, 2020).…”
Section: Brief Literary Reviewmentioning
confidence: 92%
“…These are direct infection with the virus, restrictions on movement, restrictions on the ability to freely carry out certain types of economic activities, changes in the way of conducting economic activities. At the same time, the dynamics of prices for the main types of energy resources (Mustafa et al, 2020;Zhang, Wang & Li, 2019) is changing; the architecture of the modern economy is changing (Megahed & Ghoneim, 2020). Thus, among the factors that significantly affect the dynamics of economic development, the key is the dynamics of the development of the COVID-19 pandemic.…”
Section: Introductionmentioning
confidence: 99%
“…Viruses, epidemics, and pandemics are negative phenomena to human survival. Among the emerging phenomena are increased morbidity and mortality, decreased productivity, and their impact on the economic stability of the community [5].…”
Section: Introductionmentioning
confidence: 99%