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Impact of Energy Price Shocks, Economic Policy Uncertainty and Geopolitical Risk on Industrial Production for G7 Countrices in Times of Russia-Ukraine War

المصدر: مجلة بحوث الإدارة والاقتصاد
الناشر: جامعة زيان عاشور بالجلفة - كلية العلوم الاقتصادية والتجارية وعلوم التسيير
المؤلف الرئيسي: Mezouri, Ettayib (Author)
مؤلفين آخرين: Soufyane, Bouguetaia (Co-Author)
المجلد/العدد: مج5, ع2
محكمة: نعم
الدولة: الجزائر
التاريخ الميلادي: 2023
الشهر: يونيو
الصفحات: 359 - 381
ISSN: 2676-184x
رقم MD: 1397866
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
مواضيع:
كلمات المؤلف المفتاحية:
Industrial Production | Energy Price Shocks | PMG Model | G7 Countries
رابط المحتوى:
صورة الغلاف QR قانون

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المستخلص: For the purpose of to examine the long-term effects of energy price shocks and economic policy uncertainty, geopolitical risk, and industrial production in times of Russia-Ukraine war, this paper applies days data from January 30, 2022, to April 30, 2022 in G7 Countrices, namely US, UK, Japan, Italy, France, Canada, and Germany. We use the dynamic macro-panel estimators, which include pooled mean group (PMG), mean group (MG), dynamic fixed effects (DFE), and Based on the Hausman h test, the estimated result shows that PMG is the most effective estimator among the three. The results from the PMG model show that energy price shocks (crude oil, natural gas) have a significant positive (demand-driven link) with crude oil prices and a negative (supplydriven link) with natural gas prices in both the short and long terms. This shows that an increase in the price of crude oil and natural gas can cause changes in industrial production. Findings also indicate that fluctuations in the worldwide market energy price will be caused by changes in economic policy uncertainty and geopolitical risk.

ISSN: 2676-184x

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