期刊
RESOURCES POLICY
卷 74, 期 -, 页码 -出版社
ELSEVIER SCI LTD
DOI: 10.1016/j.resourpol.2021.102393
关键词
Natural resource commodity price volatility; Global economic performance; Breitung-candelon spectral granger causality; Covid-19
资金
- major project of Philosophy and Social Sciences key research base of Jilin University Research on bilateral cross border e-commerce, trade structure change and consumer behavior between China and Japan [2019XXJD15]
- project of Labor Relations Research Center of Jilin University Research on the experience and enlightenment of international typical countries in coordinating labor relations [2018LD010]
- Youth Academic backbone program of philosophy and Social Sciences research base of Jilin University Research on the impact of consumption upgrading on the transformation and upgrading of China's foreign trade in the context of trade frictions [2019FRGG06]
The study found vulnerability in natural resource commodity price volatility, but no impact on global economic performance; there is no long-run or short-run causal relationship between these two variables.
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.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据