Impact of Oil Prices on Country’s Economy: A Case Study South Asian Countries

2012 ◽  
Author(s):  
Muhammad Ahmad ◽  
Syed Atif Ali
2014 ◽  
Vol 53 (4II) ◽  
pp. 461-476 ◽  
Author(s):  
Muhammad Shakeel ◽  
M. Mazhar Iqbal ◽  
M.. Tariq Majeed

Acute shortage of energy sources in developing countries in general and South Asian countries in particular has shown that energy has become a binding input for any production process. Nowadays operation of heavy machinery and electrical equipment, and transportation of raw material and final products from their place of origination to their destination require heavy consumption of energy in one form or the other. Therefore, energy consumption that was previously ignored in the production function of a firm and an economy is now considered a vital input in production process. It affects GDP directly as by increasing energy consumption; more output can be produced with given stock of capital and labor force in a country. Also uninterrupted availability of energy at reasonable cost improves competiveness of home products in international markets and thus increases exports of home country a great deal. Resulting increase in net exports further adds to the GDP through multiplier effect


Author(s):  
Maha Ashraf Kazi ◽  
Sanajit Ghosh ◽  
Satyabrata Roychowdhury ◽  
Prabhas Prasun Giri ◽  
Mihir Sarkar

Abstract Dengue is a major health concern in South Asian countries transmitted by bite of day breeder mosquitoes Aedes aegypti and Aedes albopictus. Severity of plasma leak, shock, bleeding tendency and other organ dysfunction can be more pronounced in infants. The management becomes further complicated in the presence of a co-existing COVID-19 infection. Although COVID-19 infection is usually asymptomatic or has mild manifestations in children, however in presence of serious co-infection like dengue it can modify the course of the illness and lead to drastic consequences. Here, we present one such case of a 9-month-old female child who tested positive for dengue as well as COVID-19 during the ongoing corona pandemic and went on to develop shock, encephalopathy with deranged liver enzymes but managed to overcome all odds and recover from the disease by day 14 of illness.


2016 ◽  
Vol 55 (4I-II) ◽  
pp. 543-559
Author(s):  
Muhammad Abdullah ◽  
Rukhsana Kalim

The objective of this paper is to examine the impact of global food price escalation on poverty in South Asian countries since 1990 to 2011. Panel data procedure has been applied for empirical analysis. Panel unit root tests have been utilised before the application of panel co-integration. Poverty is measured through revealed behaviour approach which is considered better than other approaches, as it is based on the actual consumption made by the households. The present study uses actual average household consumption to measure poverty. Empirical results reveal that global food price escalation and per capita income positively and significantly affect average household consumption, which is the clear indication of poverty decline. International oil prices and interest rate significantly but negatively affect the average household consumption in South Asian countries. Findings of this study will be helpful for formulating effective public policies for poverty reduction in the era of trade liberalisation. JEL Classification: E31, F410, I32 Keywords: Food Price Escalation, Poverty, Oil Prices, Per Capita Income, South Asia


2021 ◽  
Vol 13 (10) ◽  
pp. 5669
Author(s):  
Farhan Ahmed ◽  
Aamir Aijaz Syed ◽  
Muhammad Abdul Kamal ◽  
Maria de las Nieves López-García ◽  
Jose Pedro Ramos-Requena ◽  
...  

COVID-19 is certainly the first sustainability crisis of the 21st century. The paper examines the impact of COVID-19 on the Indian stock and commodity markets during the different phases of lockdown. In addition, the effect of COVID-19 on the Indian stock and commodity markets during the first and second waves of the COVID-19 spread was compared. A comparative analysis of the stock market performances and sustainability of selected South Asian countries is also included in the study, which covers the lockdown period as well as the time frame of the first and second waves of COVID-19 spread. To examine the above relationship, the conventional Welch test, heteroskedastic independent t-test, and the GMM multivariate analysis is employed, on the stock return, gold prices, and oil prices. The findings conclude that during the different phases of lockdown in India, COVID-19 has a negative and significant impact on oil prices and stock market performance. However, in terms of gold prices, the effect is positive and significant. The results of the first wave of COVID-19 infection also corroborate with the above findings. However, the results are contradictory during the second wave of coronavirus infection. Furthermore, the study also substantiates that COVID-19 has significantly affected the stock market performances of selected South Asian countries. However, the impact on the stock market performances was only for a short period and it diminished in the second wave of COVID-19 spread in all the selected South Asian countries. The findings contribute to the research on the stock and commodity market impact of a pandemic by providing empirical evidence that COVID-19 has spill-over effects on stock markets and commodity market performances. This result also helps investors in assessing the trends of the stock and commodity markets during the pandemic outbreak.


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