scholarly journals ASYMMETRIC IMPACT OF WORLD OIL PRICES ON MARKETING MARGINS: APPLICATION OF NARDL MODEL FOR THE INDONESIAN COFFEE

2021 ◽  
Vol 11 (6) ◽  
pp. 212-220
Author(s):  
Kamaruddin Kamaruddin ◽  
Yusri Hazmi ◽  
Raja Masbar ◽  
Sofyan Syahnur ◽  
M. Shabri Abd. Majid
Keyword(s):  
Oil Prices ◽  
Asymmetric Impact ◽  
Marketing Margins ◽  
Nardl Model

scholarly journals Asymmetric impact of oil prices on stock returns in Shanghai stock exchange: Evidence from asymmetric ARDL model

PLoS ONE ◽  
2019 ◽  
Vol 14 (6) ◽  
pp. e0218289 ◽  
Author(s):  
Muhammad Kamran Khan ◽  
Jian-Zhou Teng ◽  
Muhammad Imran Khan
Keyword(s):  
Stock Returns ◽  
Stock Exchange ◽  
Oil Prices ◽  
Ardl Model ◽  
Asymmetric Impact

Does Oil Price Asymmetrically Impact Remittance Outflows? The Case of Oman

2019 ◽  
Vol 15 (2) ◽  
Author(s):  
Selçuk Akçay
Keyword(s):  
New York ◽  
Oil Prices ◽  
Oil Price ◽  
Distributed Lag ◽  
Nonlinear Ardl ◽  
Distributed Lag Model ◽  
Long Run ◽  
Lag Model ◽  
Asymmetric Impact ◽  
Asymmetric Cointegration

Abstract The mechanism by which oil price affects remittance outflows is not well understood and investigated. Using non-linear autoregressive distributed lag model (Shin, Yu, and. Greenwood-Nimmo. 2014. “Modelling Asymmetric Cointegration and Dynamic Multipliers in a Nonlinear ARDL Framework.” In Festschrift in Honor of Peter Schmidt, vol. 44, edited by R. C. Sickles, and W. C. Horrace, 281–314. New York: Springer New York. https://doi.org/10.1007/978-1-4899-8008-3_9), this study mainly seeks to investigate the asymmetric impact of oil prices on remittance outflows over the period from 1975 to 2015, for an oil-based economy, Oman. The results of the study reveal that changes in oil price are asymmetrically associated with remittance outflows in both short and long run. Furthermore, the response of remittance outflows to developments in oil prices is different in a way that positive shocks in oil prices promote remittance outflows, while negative shocks have no significant impact.

Identifying asymmetric responses of sectoral equities to oil price shocks in a NARDL model

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Abderrazak Dhaoui ◽  
Julien Chevallier ◽  
Feng Ma
Keyword(s):  
Interest Rate ◽  
Financial Market ◽  
Oil Prices ◽  
Oil Price ◽  
Policy Implications ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Asymmetric Responses ◽  
The Impact ◽  
Nardl Model

AbstractThis study examines the asymmetric responses of sector stock indices returns to positive and negative fluctuations in oil prices using the NARDL model. Our empirical findings support indirect transmissions of oil price fluctuation to the financial market through industrial production and short-term interest rate. Furthermore, both direct and indirect impacts of oil price shocks on stock returns are sector dependent. These results are with substantial policy implications either for investors or for policymakers. They mainly help government authorities to reduce the instability in financial markets caused by the major oil price shocks. The analysis of the impact of oil price shocks on stock markets also helps the financial market participants to adjust their decisions and revise their coverage of energy policy that is substantially affected by the turbulence and uncertainty in the crude oil market. Finally, based on the forecast of the oil price shocks effects, the central bank should adjust the interest rate in order to face up to the inflation rate induced by oil prices since oil prices act as an inflationary factor.

Asymmetric impact of oil prices, exchange rate, and inflation on tourism demand in Pakistan: new evidence from nonlinear ARDL

2018 ◽  
Vol 23 (4) ◽  
pp. 408-422 ◽  
Author(s):  
Muhammad Saeed Meo ◽  
Mohammad Ashraful Ferdous Chowdhury ◽  
Ghulam Mustafa Shaikh ◽  
Mubbshar Ali ◽  
Salman Masood Sheikh
Keyword(s):  
Exchange Rate ◽  
Oil Prices ◽  
Tourism Demand ◽  
Nonlinear Ardl ◽  
Asymmetric Impact ◽  
New Evidence

scholarly journals Oil Price Shocks and Fiscal Spending in Oil Producing Economy: The Role of Asymmetry

2018 ◽  
pp. 1-10
Author(s):  
Bernard Olagboyega Muse
Keyword(s):  
Crude Oil ◽  
Empirical Finding ◽  
Oil Prices ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Asymmetric Impact ◽  
The Impact ◽  
Fiscal Spending

Given their over reliance on proceeds from the sale of crude oil, fiscal spending in the oil-producing economy are often characterised with some specific challenges mainly due to the uncertainty in the nature of oil price movements in the international crude oil market. Motivated by the historical up – down trends in the international oil prices and their potential implications particularly for oil-producing countries, this paper explores linear and non-linear ARDL frameworks to examine the symmetric and asymmetric impact of oil price shocks on fiscal spending. Using the case of the Nigerian economy, this empirical finding suggests that shocks to international oil prices did matter for fiscal spending in the oil-producing economy. On the direction of the impact of the shocks, the finding of the non-rejection of the null hypothesis of no asymmetry thus implies that fiscal spending in Nigeria reacts indifferently to either a positive or negative oil price shocks.

scholarly journals Investigating the Asymmetric Impact of Oil Prices on GCC Stock Markets

2020 ◽  
Author(s):  
Nidhaleddine Ben Cheikh ◽  
Sami Ben Naceur ◽  
Oussama Kanaan ◽  
Christophe Rault
Keyword(s):  
Stock Markets ◽  
Oil Prices ◽  
Asymmetric Impact

Asymmetric impact of oil price shocks on selected macroeconomic variables: NARDL exposition

2020 ◽  
pp. 171-189
Author(s):  
Omoke Philip Chimobi ◽  
Uche Emmanuel
Keyword(s):  
Time Series ◽  
Time Series Data ◽  
Oil Prices ◽  
Oil Price ◽  
Series Data ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Macroeconomic Variables ◽  
Asymmetric Effects ◽  
Asymmetric Impact

The preoccupation of this study is to give empirical explanations to the existing relationship between oil price dynamics and some selected macroeconomic variables in Nigeria. Specifical-ly, it seeks to identify if the impacts of the changing oil prices on output, investment and un-employment is symmetric or asymmetric. Monthly time series data used in the research was subjected to a nonlinear analysis through the newly developed NARDL. To that effect, our findings reveal that changes in oil prices has asymmetric effects on the chosen macroeconomic variables. Our findings call for different policy formulations for up and down swings in oil prices

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