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Can Major Public Health Emergencies Affect Changes in International Oil Prices?
In order to deepen the understanding of the impact of major public health emergencies on the oil market and to enhance the risk response capability, this study analyzed the logical relationship between major public health emergencies and international oil price changes, identified the change points,...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
MDPI
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8701035/ https://www.ncbi.nlm.nih.gov/pubmed/34948563 http://dx.doi.org/10.3390/ijerph182412955 |
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author | Cheng, An Chen, Tonghui Jiang, Guogang Han, Xinru |
author_facet | Cheng, An Chen, Tonghui Jiang, Guogang Han, Xinru |
author_sort | Cheng, An |
collection | PubMed |
description | In order to deepen the understanding of the impact of major public health emergencies on the oil market and to enhance the risk response capability, this study analyzed the logical relationship between major public health emergencies and international oil price changes, identified the change points, and calculated the probability of abrupt changes to international oil prices. Based on monthly data during six major public health emergencies from 2009 to 2020, this study built a product partition model. The results show that only the influenza A (H1N1) and COVID-19 pandemics were significant reasons for abrupt changes in international oil prices. Furthermore, the wild poliovirus epidemic, the Ebola epidemic, the Zika epidemic, and the Ebola epidemic in the Democratic Republic of the Congo had limited effects. Overall, the outbreak of a Public Health Emergency of International Concern (PHEIC) in major global economies has a more pronounced impact on international oil prices. |
format | Online Article Text |
id | pubmed-8701035 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | MDPI |
record_format | MEDLINE/PubMed |
spelling | pubmed-87010352021-12-24 Can Major Public Health Emergencies Affect Changes in International Oil Prices? Cheng, An Chen, Tonghui Jiang, Guogang Han, Xinru Int J Environ Res Public Health Article In order to deepen the understanding of the impact of major public health emergencies on the oil market and to enhance the risk response capability, this study analyzed the logical relationship between major public health emergencies and international oil price changes, identified the change points, and calculated the probability of abrupt changes to international oil prices. Based on monthly data during six major public health emergencies from 2009 to 2020, this study built a product partition model. The results show that only the influenza A (H1N1) and COVID-19 pandemics were significant reasons for abrupt changes in international oil prices. Furthermore, the wild poliovirus epidemic, the Ebola epidemic, the Zika epidemic, and the Ebola epidemic in the Democratic Republic of the Congo had limited effects. Overall, the outbreak of a Public Health Emergency of International Concern (PHEIC) in major global economies has a more pronounced impact on international oil prices. MDPI 2021-12-08 /pmc/articles/PMC8701035/ /pubmed/34948563 http://dx.doi.org/10.3390/ijerph182412955 Text en © 2021 by the authors. https://creativecommons.org/licenses/by/4.0/Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). |
spellingShingle | Article Cheng, An Chen, Tonghui Jiang, Guogang Han, Xinru Can Major Public Health Emergencies Affect Changes in International Oil Prices? |
title | Can Major Public Health Emergencies Affect Changes in International Oil Prices? |
title_full | Can Major Public Health Emergencies Affect Changes in International Oil Prices? |
title_fullStr | Can Major Public Health Emergencies Affect Changes in International Oil Prices? |
title_full_unstemmed | Can Major Public Health Emergencies Affect Changes in International Oil Prices? |
title_short | Can Major Public Health Emergencies Affect Changes in International Oil Prices? |
title_sort | can major public health emergencies affect changes in international oil prices? |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8701035/ https://www.ncbi.nlm.nih.gov/pubmed/34948563 http://dx.doi.org/10.3390/ijerph182412955 |
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