مقاله انگلیسی اثرات نامتقارن شوک های نفتی بر عدم قطعیت سیاست های اقتصادی
ترجمه نشده

مقاله انگلیسی اثرات نامتقارن شوک های نفتی بر عدم قطعیت سیاست های اقتصادی

عنوان فارسی مقاله: اثرات نامتقارن شوک های نفتی بر عدم قطعیت سیاست های اقتصادی
عنوان انگلیسی مقاله: Asymmetric effects of oil shocks on economic policy uncertainty
مجله/کنفرانس: انرژی - Energy
رشته های تحصیلی مرتبط: اقتصاد
گرایش های تحصیلی مرتبط: اقتصاد بازرگانی، اقتصاد انرژی، تجارت نفت و گاز
کلمات کلیدی فارسی: نامتقارن، EPU، NARDL، WTI
کلمات کلیدی انگلیسی: Asymmetric, EPU, NARDL, WTI
نوع نگارش مقاله: مقاله پژوهشی (Research Article)
نمایه: Scopus - Master Journals List - JCR
شناسه دیجیتال (DOI): https://doi.org/10.1016/j.energy.2021.122712
دانشگاه: Higher Institute of Marine Sciences Techniques, Libya
صفحات مقاله انگلیسی: 11
ناشر: الزویر - Elsevier
نوع ارائه مقاله: ژورنال
نوع مقاله: ISI
سال انتشار مقاله: 2022
ایمپکت فاکتور: 7.147 در سال 2020
شاخص H_index: 193 در سال 2020
شاخص SJR: 1.961 در سال 2020
شناسه ISSN: 0360-5442
شاخص Quartile (چارک): Q1 در سال 2020
فرمت مقاله انگلیسی: PDF
وضعیت ترجمه: ترجمه نشده است
قیمت مقاله انگلیسی: رایگان
آیا این مقاله بیس است: بله
آیا این مقاله مدل مفهومی دارد: دارد
آیا این مقاله پرسشنامه دارد: ندارد
آیا این مقاله متغیر دارد: دارد
آیا این مقاله فرضیه دارد: دارد
کد محصول: E16066
رفرنس: دارای رفرنس در داخل متن و انتهای مقاله
فهرست مطالب (انگلیسی)

Abstract
Keywords
JEL classification
Introduction
Literature review
Methodology
Empirical results and discussion
Conclusion
Credit author statement
Funding sources
Credit author statement
Declaration of competing interest
Appendix A. Schematic diagram of the study methodology
References

بخشی از مقاله (انگلیسی)

Abstract
The aim of this paper is to investigate the asymmetric effects of the crude oil price on global economic policy uncertainty (EPU) using a nonlinear, autoregressive distributed lag approach. The results of the bounds test indicate that there is a long-run equilibrium relationship between economic uncertainty and crude oil price. Furthermore, we conclude that the long-run equilibrium relationship is a usual logical relationship and not a degraded relationship. The results of the asymmetric test also showed that the positive and negative shocks in oil prices do not have an asymmetric effect on the EPU in the long run and have an asymmetric effect in the short term. In addition, a negative shock may have a relatively greater effect in the long run compared to a positive shock while a positive shock may have a relatively greater impact in the short term compared to a negative shock. Our results are important to both investors interested in the oil market, as well as for policymakers.
Introduction
This research addresses an important question that has emerged in recent economic research; what is the asymmetric dynamic relationship between oil prices and the global economic policy uncertainty (EPU)? In particular, the research aims to study the asymmetric effects of the oil price on the EPU during the period (Q1:1997 to Q4:2020) by relying on a non-linear autoregressive distributed lag co-integration model that was developed by Shin et al. [1]. This modern approach allows the analysis of non-linear and symmetric integration relationships between variables. Since oil is used as a production factor in various industries and is a major resource for fuel and power generation in the transportation sector, oil prices are an important macroeconomic variable for the economy (Hamilton [2]; Dbouk and Jamali [3]). For example, when oil prices rise, the increase in production costs in various industries can reduce gross production, profits, and investment, as well as cause inflation, leading to lower levels of real wages, prompting monetary authorities to adopt contractionary monetary policies, thus leading to a secondary effect on the economy (Herrera et al.