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US Partisan Conflict, Sino-US Political Relation News, and Oil Market Dynamics

Author

Listed:
  • Yifei Cai

    (University of South Australia)

  • Jamel Saadaoui

    (University of Paris 8)

  • Gazi Salah Uddin

Abstract

Recent increasing partisan conflicts in the US strain the relationship between the US and China, leading to a decrease in oil demand and a temporary rise in oil prices. Conversely, positive news shocks regarding Sino-U.S. political relations reduce political conflicts in the US, resulting in decreased oil demand and prices. Last, positive shocks to good and bad news have asymmetric effects on the oil market.

Suggested Citation

  • Yifei Cai & Jamel Saadaoui & Gazi Salah Uddin, 2024. "US Partisan Conflict, Sino-US Political Relation News, and Oil Market Dynamics," Working Papers 2024.12, International Network for Economic Research - INFER.
    • Handle: RePEc:inf:wpaper:2024.12
    as

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    File URL: https://infer-research.eu/wp-content/uploads/2024/07/WP2024.12.pdf
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    References listed on IDEAS

    as
    1. Elliott, Graham & Rothenberg, Thomas J & Stock, James H, 1996. "Efficient Tests for an Autoregressive Unit Root," Econometrica, Econometric Society, vol. 64(4), pages 813-836, July.
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    Cited by:

    1. Cai, Yifei & Li, Xiangdong & Zhang, Yahua, 2024. "Oil market responses to Sino–European political relation shock: Insights after China's world trade organization accession," Economic Modelling, Elsevier, vol. 141(C).

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    More about this item

    Keywords

    China; oil market; political relation news; partisan conflict; asymmetries;
    All these keywords.

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics

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