能源市场对新冠疫情做出反应。
Energy markets responds to Covid-19 pandemic.
作者信息
Amri Amamou Souhir, Aguir Bargaoui Saoussen
机构信息
Laboratory BESTMOD, Higher Institute of Management of Tunis, Tunis University, 41 Liberty Avenue Bouchoucha, 2000, Tunisia.
LAboratory of Research in Applied Micro Economy (LARMA), Faculty of Economic Sciences and Management of Tunis, Tunis ElManar University, Campus University, B.P. 248 - El Manar II, 2092, Tunisia.
出版信息
Resour Policy. 2022 Jun;76:102551. doi: 10.1016/j.resourpol.2022.102551. Epub 2022 Jan 6.
This paper aims to detect the sensitivity of the Oil market to different Covid-19 outbreak periods. To test its haven propriety, and its sensitivity to the study phase, our research investigates the Covid-19 indicators explanatory power. Using the OLS regression, our results reveal that new pandemic wave announcement declines the Oil market demand. It doubts its safe-haven property. In parallel, we detect that this market responds to the determining factors of the Covid-19 Pandemic. At this level, we found that the number of the reported cases has lost its explanatory power since the emergence of the second pandemic wave. On the contrary, mortality following this virus has become a significant explanatory factor.
本文旨在检测石油市场对不同新冠疫情爆发阶段的敏感度。为检验其避险属性及其对研究阶段的敏感度，我们的研究考察了新冠疫情指标的解释力。通过使用普通最小二乘法回归，我们的结果显示，新的疫情浪潮公告会降低石油市场需求。这对其避险属性产生了质疑。与此同时，我们发现该市场对新冠疫情的决定性因素做出反应。在这一层面，我们发现自第二波疫情出现以来，报告病例数已失去其解释力。相反，该病毒导致的死亡率已成为一个重要的解释因素。
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