Africa's oil trade plays a vital role in the global oil market, but it is more vulnerable compared
to other regions due to its resource dependency. This study examines the evolution of …

We try to empirically document the effects of crude oil price on the economic growth in
BRICS countries using wavelet-based quantile-on-quantile method which is used to …

This paper studies the macroeconomic implications of oil price shocks and the extant fuel
subsidy regime for Nigeria. To do this, we develop and estimate a New-Keynesian DSGE …

Using local projection methods, this paper employs monthly panel data from 1989 to 2017 to
examine both linear and nonlinear impulse responses of macroeconomic uncertainty to …

The effect of oil prices on macroeconomic aggregates has always been interesting. The
recent decline in oil prices has highlighted the effects of oil price shocks both in supply and …

A well-documented literature exists on the impact of global oil shocks on small open
economies (SOEs). However, it still disregards the international financial (uncertainty) …

Malaysia is one of the net oil-exporting countries that the government budget depends
highly on oil revenues. The dependency on uncertain revenues faces the economic …

Fossil fuel subsidies represent a significant and widespread fiscal tool that governments can
employ to maintain stability in domestic price levels. We develop and estimate a Bayesian …

This paper investigates how the level of democratic accountability in a country affects the
relationship between oil prices and financial development. We argue that the ability of oil …

Recently, growing interest in the Circular Economy (CE) concept can be observed among
scholars and practitioners globally. One CE goal is to increase resource efficiency by …