Impact of petroleum and non-petroleum indices on financial development in Oman

Alshubiri, Faris; Tawfik, Omar Ikbal; Jamil, Syed Ahsan

doi:10.1186/s40854-020-00180-7

Cited by 19 publications

(8 citation statements)

References 43 publications

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“…The vector error correction model is a restricted VAR, applied when variables under study are stationery at the same level of differencing (Masih and Masih, 1996;Si et al, 2021). When series under study are stationery at different levels, the autoregressive distributed lag (ARDL) model could be applied instead (Alshubiri et al, 2020).…”

Section: Methodsmentioning

confidence: 99%

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A time-varying impact of ageing population on the economy of Malaysia

Ong

Mohd-Audi-Tye

2022

IJSE

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Purpose By 2040, 14.5% of Malaysia’s population will consist of those aged 65 years and above. The purpose of this paper is to examine the time-varying impact of an ageing population on the economy of Malaysia.Design/methodology/approach The relationship between the ageing population and economic performance was examined from the period 1971–2019. The time-varying rolling convergence estimation of 40 + k observations sample frame of the trace statistics was analysed.Findings The ageing population had affected the economic activities in Malaysia over all sampling time frame from 1971 to 2010, 1972–2011, …to 1980–2019. The growth in total population and economic activities also caused a significant increase in the ageing population in the long run. An improved economic performance signifies the affordability for better healthcare services and improvement in medical science technology to treat diseases.Originality/value Its ageing population has gradually slow down economic activities in Malaysia. Now is the time to be prepared and address an ageing workforce issues such as productivity, retirement policy, savings behaviour and life-long learning capabilities.Peer review The peer review history for this article is available at https://publons.com/publon/10.1108/IJSE-04-2021-0234.

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Section: Methodsmentioning

confidence: 99%

“…, 2021). When series under study are stationery at different levels, the autoregressive distributed lag (ARDL) model could be applied instead (Alshubiri et al. , 2020).…”

Section: Methodsmentioning

confidence: 99%

A time-varying impact of ageing population on the economy of Malaysia

Ong

Mohd-Audi-Tye

2022

IJSE

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“…CBO does not allow the IBEs to use the contract of bay' al-'inah and Tawarruq in their products since they are still being debated among several Islamic economists. By 2020, Islamic banking entities in Oman had been predicted to set every other record of remarkable achievement for over the subsequent five years as one of the quickest developing Islamic banking industry globally (Alshubiri et al, 2020). Before the Covid-19 outbreak spreading throughout the globe, the Islamic banking entities in Oman expected to proceed a record of momentous achievement over the next five years (Salim & Bilal, 2016;Singh & Fida, 2015).…”

Section: ~40~mentioning

confidence: 99%

Oman’s Islamic Banking Performance amidst Covid-19 Outbreak: Prospects and Challenges

Mihajat

2021

Shirkah

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Covid-19 pandemic forced Islamic banking in Oman to slow down and to change strategies adapting to the current situation. The Covid-19 outbreak has raised various challenges for Islamic banking. In order to maintain the sustainable growth of the industry, stakeholders of Islamic banking should strive collectively to solve these challenges. Nevertheless, Islamic banking was able to maintain and manage capital and liquidity buffers. The growth for 2021 is expected to remain stable for at least a single-digit growth. However, there would be asset-quality and profitability pressure for Islamic banks within the Sultanate of Oman. This paper highlights the performance of Islamic banking in Oman amid the Covid-19 outbreak. This paper demonstrates that the industry merely recorded a single-digit growth compared to the last seven years at double-digit growth due to the pandemic. The paper further delineates on the prospects and challenges of Islamic Banks Entities (IBEs). It also suggests some practical solutions for survival. This paper contributes to providing an alluded picture of the current conditions and situation of Islamic banks in Oman as well as insights to deal with the challenges to enhancing the banking performances during the Covid-19 outbreak.

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“…The study results show a strong and positive trend between crude oil prices and stock market returns. Similarly, Alshubiri et al, (2020) studied the impact of petroleum and non-petroleum indices on the Sultanate of Oman's financial development. The study employed the ARDL regression model for data from 1978 to 2017 and figure out that the oil and the service sector GDP has positive and significant on the domestic credits of the Sultanate of Oman.…”

Section: Oil Prices and Financial Developmentmentioning

confidence: 99%

The asymmetric effect of COVID-19 outbreak, commodities prices and policy uncertainty on financial development in China: evidence from QARDL approach

Jiang

Zhang

Razi

et al. 2021

Economic Research-Ekonomska Istraživanja

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COVID-19 epidemic has brought uncertainty to each sector of the global economy, including the financial sector. The widely spread disease has a drastic effect, which massively created health and financial crisis and virtually pushed the economy to the brink of recession. The study focused on the financial development of China during the COVID-19 pandemic and analyzed the long-term and short-term impact of COVID-19, oil prices, gold prices, and global economic policy uncertainty on the financial development of the country. The QARDL model, Wald test, and Granger causality tests are employed to assess the daily data of variables from January 1, 2020, to March 15, 2021. The study's empirical results revealed that an increase in the number of COVID-19 registered patients has an unprecedented negative effect on financial development, whereas the oil prices co-moved with the financial performance. On the other hand, gold prices and global economic policy uncertainty are negatively correlated with financial development. This study offers various policy recommendations to help the investors, government, and decision-makers to make better decisions for the improvement of the financial development of China.

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Impact of petroleum and non-petroleum indices on financial development in Oman

Cited by 19 publications

References 43 publications

A time-varying impact of ageing population on the economy of Malaysia

A time-varying impact of ageing population on the economy of Malaysia

Oman’s Islamic Banking Performance amidst Covid-19 Outbreak: Prospects and Challenges

The asymmetric effect of COVID-19 outbreak, commodities prices and policy uncertainty on financial development in China: evidence from QARDL approach

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