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The Essential Role of Pandemics - A Fresh Insight Into the Oil Market

Author

Listed:
  • Meng Qin
  • Yu-Chen Zhang
  • Chi-Wei Su

    (Asia Pacific Applied Economics Association)

Abstract

This paper probes the interrelationship between pandemics and oil prices. It shows that the pandemics may reduce the oil demand, causing oil prices to decrease, which is inconsistent with the predictions of the intertemporal capital asset pricing model. The implication of this study is that the oil market should not be ignored when analyzing the effect of pandemics

Suggested Citation

  • Meng Qin & Yu-Chen Zhang & Chi-Wei Su, 2021. "The Essential Role of Pandemics - A Fresh Insight Into the Oil Market," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 1(1), pages 1-4.
    • Handle: RePEc:ayb:jrnerl:27
    DOI: 2021/06/16
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    References listed on IDEAS

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    6. Su, Chi-Wei & Li, Zheng-Zheng & Chang, Hsu-Ling & Lobonţ, Oana-Ramona, 2017. "When Will Occur the Crude Oil Bubbles?," Energy Policy, Elsevier, vol. 102(C), pages 1-6.
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    Cited by:

    1. Yang, Qiang & Huo, Jiale & Saqib, Najia & Mahmood, Haider, 2022. "Modelling the effect of renewable energy and public-private partnership in testing EKC hypothesis: Evidence from methods moment of quantile regression," Renewable Energy, Elsevier, vol. 192(C), pages 485-494.
    2. Khan, Khalid & Su, Chi-Wei & Zhu, Meng Nan, 2022. "Examining the behaviour of energy prices to COVID-19 uncertainty: A quantile on quantile approach," Energy, Elsevier, vol. 239(PE).
    3. Zhang, Jie & Chen, Zhiguo & Altuntaş, Mehmet, 2022. "Tracing volatility in natural resources, green finance and investment in energy resources: Fresh evidence from China," Resources Policy, Elsevier, vol. 79(C).

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    More about this item

    Keywords

    pandemics; oil price; oil demand;
    All these keywords.

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth

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