Business and Economics Journal

Department of Accounting, College of Business Education, Dodoma, Tanzania

Publications

• Research Article   
  On COVID-19 and Volatility Shocks in Energy Commodities
  Author(s): Dickson Pastory*
  
  This study investigates the impact of COVID-19 induced global panic on crude oil and natural gas price volatility. The author uses the Structural Vector Auto Regression (SVAR) to examine the magnitude of shocks in global oil and gas prices caused by COVID-19 induced panic between 3rd January 2020 and 30th June 2021. The results show that shocks in oil and gas prices were negative and more severe in the first five months of 2020 when the pandemic was spreading across the globe forcing countries into lockdowns. The negative shocks gradually diminished in the following periods as the prices recovered courtesy of global economic recovery and vaccine rollouts. Furthermore, the panic was more pronounced in causing oil prices shocks as gas prices were already suffering amid mild temperatures during 2020 winter season. The author stresses the need for swift actions during early days of the cr.. Read More»
  DOI: 10.37421/2151-6219.2021.12.375

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