Oil Prices Shocks and Government Expenditure

Raouf, Engy

doi:10.32479/ijeep.11172

Cited by 8 publications

(3 citation statements)

References 15 publications

(16 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Similar results are reported by Garkaz et al (2012), who find a statistically significant and positive impact of oil export revenues on government spending in one oil exporting country (Iran). Our results also confirm the results of Raouf (2021). He made a comparison between exporting and importing countries.…”

Section: The Regression Results Displayed In Tablesupporting

confidence: 89%

How Do Oil Prices Affect the GDP and its Components? New Evidence from a Time-Varying Threshold Model

Ben Salem,

Nouira,

Saafi

et al. 2024

SSRN Journal

View full text Add to dashboard Cite

Section: The Regression Results Displayed In Tablesupporting

confidence: 89%

How Do Oil Prices Affect the GDP and its Components? New Evidence from a Time-Varying Threshold Model

Ben Salem,

Nouira,

Saafi

et al. 2024

SSRN Journal

View full text Add to dashboard Cite

“…As the study (Adedokun, 2018) demonstrated, there is a negative relationship between oil revenues and total government expenditures in the short term, and it is also clear that oil shocks greatly affect political variables in the short term and transmit effects on other macroeconomic variables in the long term. (Raouf, 2021) confirmed the impact of oil shocks on current and capital government spending. It was found that oil price shocks as a result of its high prices affect government capital expenditure positively in oil-exporting countries and negatively in oilimporting countries.…”

Section: The Negative Impact Of Oil Price Fluctuations On the Public ...mentioning

confidence: 62%

Using Generalized Linear Model to Determine the Impact of Oil Price Fluctuations on the Egyptian Public Budget

Alhendawya

Mostafa

Elkananib³

et al. 2023

IJEEP

View full text Add to dashboard Cite

Oil is regarded as one of the most significant energy sources in the world due to the enormous impacts it has on the level of the economy as a whole in both developing and developed countries and for both producing and importing countries. so, this study aims to know the effects of fluctuations in oil prices on the Egyptian public budget during the period from 2000 to 2022. For this purpose, the study used the GLM(Generalized linear Model) model, which is one of the first studies to use this model in economics. The study concluded that oil price fluctuations negatively affect the public budget, which means that there is a positive relationship between oil price fluctuations and the general budget deficit in Egypt as a result of Egypt being one of its importing countries. Therefore, the rise in oil prices leads to an increase in the public budget deficit, and its low prices may contribute to a decrease in this deficit.

show abstract

“…In contrast, a decline in commodity prices negatively affects economic performance and government spending [5]. Most scholars argue that commodity price shocks have significant impacts on commodity-dependent countries, triggering downward spending from government programs [4][5][6]. However, these scholars have not been able to provide a unanimous position about the groups of commodities that produce the largest shocks and how such shocks affect spending on government programs.…”

Section: Introductionmentioning

confidence: 99%

Economics of HIV Prevention: Understanding the Empirical Intersection between Commodity Price Shocks, Health Spending and HIV Infections in Developing Countries

Mostert

2024

Venereology

View full text Add to dashboard Cite

Background: This study seeks to understand the empirical nature of macro-financial factors associated with the worsening of HIV infections and the risks that need to be carefully monitored for a sustainable improvement in HIV outcomes as developing countries seek to achieve the United Nations 95-95-95 targets. Methods: The author used a panel VAR model to study the long-term endogenous relationships between percentage changes in the annual spot price of the most traded commodities, GDP per capita, health spending, and the HIV infection rate of developing countries. Results: The author discovered that shocks of global commodity prices negatively impact GDP per capita, real government health spending, and real private health spending. These shocks have adverse spillover effects characterized by worsening HIV infections. The reactions from price shocks suggest that GDP per capita contract immediately when a commodity price shock hits developing economies. Real government health spending and real private health spending also contract instantly. HIV infections begin worsening three years after the shock in the energy and precious metal blocks of countries. HIV infections also begin to worsen two years after shocks in the agricultural block of counties. These impacts are statistically significant and can potentially reverse the positive HIV infection gains achieved in the previous years. Emergency funds, insurance schemes, and international aid for HIV need to discharge more funds to counter these shocks. Conclusions: There is a significant risk of reversing HIV infection outcomes arising from commodity price shocks. Funding agencies must protect HIV prevention services from global macro-economic shocks as countries move closer to the United Nations 95-95-95 targets.

show abstract

Oil Prices Shocks and Government Expenditure

Cited by 8 publications

References 15 publications

How Do Oil Prices Affect the GDP and its Components? New Evidence from a Time-Varying Threshold Model

How Do Oil Prices Affect the GDP and its Components? New Evidence from a Time-Varying Threshold Model

Using Generalized Linear Model to Determine the Impact of Oil Price Fluctuations on the Egyptian Public Budget

Economics of HIV Prevention: Understanding the Empirical Intersection between Commodity Price Shocks, Health Spending and HIV Infections in Developing Countries

Contact Info

Product

Resources

About