Evidence map›Paper›PMID 33624244›Full record

ArticleEnvironmental science and pollution research international2021

Co-movement of energy prices and stock market return: environmental wavelet nexus of COVID-19 pandemic from the USA, Europe, and China.

FengSheng Chien, Muhammad Sadiq, Hafiz Waqas Kamran, Muhammad Atif Nawaz, Muhammed Sajjad Hussain, Muhammad Raza

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Article in Environmental science and pollution research international, 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 21 papers.

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21citing papers in PubMed
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1 · What the graph read from it

What it found

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The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

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3 · Its place in the literature

Who cites it

21 citing papers in PubMed.

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  6. Radicalizing Hope.Journal of bioethical inquiry · 2023
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4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

6 authors.

FengSheng ChienSchool of Finance and Accounting, Fuzhou University of International Studies and Trade, Fuzhou, Fujian, China.
Muhammad SadiqSchool of Accounting and Finance, Faculty of Business and Law, Taylor's University, Subang Jaya, Malaysia. muhammad.sadiq@taylors.edu.my.
Hafiz Waqas KamranDepartment of Business Administration, Iqra University, Karachi, Pakistan.
Muhammad Atif NawazDepartment of Economics, The Islamia University of Bahawalpur, Bahawalpur, Pakistan.
Muhammed Sajjad HussainThe Superior College, Lahore, Pakistan.
Muhammad RazaEmaan Institute of Management and Science, Karachi, Pakistan.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

This work aims to study the time-frequency relationship between the recent COVID-19 pandemic and instabilities in oil price and the stock market, geopolitical risks, and uncertainty in the economic policy in the USA, Europe, and China. The coherence wavelet method and the wavelet-based Granger causality tests are applied to the data (31st December 2019 to 1st August 2020) based on daily COVID-19 observations, oil prices, US-EPU, the US geopolitical risk index, and the US stock price index. The short- and long-term COVID-19 consequences are depicted differently and may initially be viewed as an economic crisis. The results illustrate the reduced industrial productivity, which intensifies with the increase in the pandemic's severeness (i.e., a 10.57% decrease in the productivity index with a 1% increase in the pandemic severeness). Similarly, indices for oil demand, stock market, GDP growth, and electricity demand decrease significantly with an increase in the pandemic severeness index (i.e., a 1% increase in the pandemic severeness results in a 0.9%, 0.67%, 1.12%, and 0.65% decrease, respectively). However, the oil market shows low co-movement with the stock exchange, exchange rate, and gold markets. Therefore, investors and the government are recommended to invest in the oil market to generate revenue during the sanctions period.

Indexed as

COVID-19Global pandemicOil pricesStock marketWavelet coherence

Identifiers

PMID33624244
PMCPMC7901867

What OpenQuestion holds

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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.