Evidence map›Paper›PMID 35431367›Full record

ArticleEnergy economics2022

The COVID-19 storm and the energy sector: The impact and role of uncertainty.

Jan Jakub Szczygielski, Janusz Brzeszczyński, Ailie Charteris, Princess Rutendo Bwanya

Abstract read
In one paragraph

Article in Energy economics, 2022. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 14 papers.

0numbers the graph read from it
0cells of the map it votes in
14citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

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

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

14 citing papers in PubMed.

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  12. The impact and role of COVID-19 uncertainty: A global industry analysis.International review of financial analysis · 2022
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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

4 authors.

Jan Jakub SzczygielskiDepartment of Finance, Kozminski University, ul. Jagiellońska 57/59, 03-301 Warsaw, Poland.
Janusz BrzeszczyńskiDepartment of Accounting and Financial Management, Newcastle Business School (NBS), Northumbria University, Newcastle Upon Tyne, NE1 8ST, United Kingdom.
Ailie CharterisDepartment of Finance and Tax, University of Cape Town, Rondebosch, 7700 Cape Town, South Africa.
Princess Rutendo BwanyaDepartment of Accounting and Financial Management, Newcastle Business School (NBS), Northumbria University, Newcastle Upon Tyne, NE1 8ST, United Kingdom.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

Prior research has shown that energy sector stock prices are impacted by uncertainty. The coronavirus (COVID-19) pandemic has given rise to widespread health and economic-related uncertainty. In this study, we investigate the magnitude and the timing of the impact of COVID-19 related uncertainty on returns and volatility for 20 national energy indices and a global energy index using ARCH/GARCH models. We propose a novel "overall impact of uncertainty" (OIU) measure, explained using a natural phenomenon analogy of the overall impact of a rainstorm, to gauge the magnitude and intensity of the impact of uncertainty on energy sector returns. Drawing upon economic psychology, COVID-19 related uncertainty is measured in terms of searches for information relating to COVID-19 as captured by Google search trends. Our results show that the energy sectors of countries further west from the outbreak of the virus in China are impacted to a greater extent by COVID-19 related uncertainty. A similar observation is made for net energy and oil exporters relative to importers. We also find that the impact of uncertainty on most national energy sectors intensified and then weakened as the pandemic evolved. Additional analysis confirms that COVID-19 uncertainty is part of the composite set of factors that drive energy sector returns over the COVID-19 period although its importance has declined over time.

Indexed as

COVID-19Energy sectorOverall impact of uncertainty (OIU) measureStock returnsStock return volatilityUncertainty

Identifiers

PMID35431367
PMCPMC8996045

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Registered trials

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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.