The Volatility Spillover of Global Oil Price Uncertainty
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F24%3A43907954" target="_blank" >RIV/60076658:12510/24:43907954 - isvavai.cz</a>
Result on the web
<a href="https://econjournals.com/index.php/ijeep/article/view/15803" target="_blank" >https://econjournals.com/index.php/ijeep/article/view/15803</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.32479/ijeep.15803" target="_blank" >10.32479/ijeep.15803</a>
Alternative languages
Result language
angličtina
Original language name
The Volatility Spillover of Global Oil Price Uncertainty
Original language description
This manuscript, for the 1st time, analyses the volatility spillover of oil price uncertainty in the world using data from oil price uncertainty recently developed by Abiad and Qureshi (2023), spanning the time 1996-2019 on a monthly frequency. ARCH/GARCH (Autoregressive Conditional Heteroskedasticity and Generalized Autoregressive Conditional Heteroskedasticity) models are employed as an econometric tool. The findings suggest that ARCH model is more consistent than GARCH model in assessing the volatility of oil price uncertainty in the world. The results show that the volatility of oil price uncertainty is high in the world. The transition to renewable energy sources is proposed as a way to resist unexpected oil shocks since the production of renewables does not depend on the fluctuations of oil prices. Consequently, uncertainties in the oil price do not hinder economic activities.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Energy Economics and Policy
ISSN
2146-4553
e-ISSN
2146-4553
Volume of the periodical
14
Issue of the periodical within the volume
3
Country of publishing house
TR - TURKEY
Number of pages
6
Pages from-to
"619 "- 624
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85193753097