Global economic performance and natural resources commodity prices volatility: Evidence from pre and post COVID-19 era.
Resour Policy
; 74: 102393, 2021 Dec.
Article
in English
| MEDLINE | ID: covidwho-1458826
ABSTRACT
The emergence of Covid-19 has created a global panic that affects global economic performance and causes natural resources commodity price volatility. In this regard, the current research study investigated the nexus of natural resource commodity price volatility and global economic performance from January 01, 2019, to July 01, 2021. Using the wavelet power spectrum and wavelet coherence approaches, the empirical findings reveal that only the natural resource commodity prices are vulnerable. However, no vulnerability has been observed for the global economic performance. Additionally, the wavelet coherence reveals that there is no long-run or the short run causal association between these two variables. Moreover, the Breitung-Candelon spectral Granger causality test confirms no causal relationship between natural resource commodity price volatility and global economic performance. Based on the empirical findings, this study provides some relevant policy implications.
Full text:
Available
Collection:
International databases
Database:
MEDLINE
Type of study:
Experimental Studies
Topics:
Long Covid
Language:
English
Journal:
Resour Policy
Year:
2021
Document Type:
Article
Affiliation country:
J.resourpol.2021.102393
Similar
MEDLINE
...
LILACS
LIS