IDEAS home Printed from https://ideas.repec.org/a/asi/joasrj/v10y2020i2p96-104id3954.html
   My bibliography  Save this article

The Impact of Novel Coronavirus (COVID-19) on the Global Oil and Aviation Markets

Author

Listed:
  • Majdouline Mhalla

Abstract

The Novel Coronavirus (COVID-19) is an infectious disease that is believed to have originated in Wuhan city, Hubei Province in China around the end of December 2019 and, had spread to 74 countries and territories so far; this virus is growing every day and is becoming a real concern for citizens, governments and businesses around the world. This paper describes the spread of the disease in China and the world and discusses its impact on the world economy focusing on two major industries the oil and the aviation industry. (COVID-19) have shown until now a negative impact on the global economy but in this paper, our main focus will be on two markets where china plays a major leading role; Several analysts estimate the negative impact on Chinese and Global economy if the epidemic continues. By analyzing the available data, the coronavirus scale is larger compared to any epidemic in the past due to its high contagion risk and asymptomatic cases, but the virus effects doesn’t stand only on the number of cases but also on the economic losses, we believe that the Coronavirus will severely affect the air travel and the aviation industry in the short run, and will have a significant impact on the world oil industry production.

Suggested Citation

  • Majdouline Mhalla, 2020. "The Impact of Novel Coronavirus (COVID-19) on the Global Oil and Aviation Markets," Journal of Asian Scientific Research, Asian Economic and Social Society, vol. 10(2), pages 96-104.
    • Handle: RePEc:asi:joasrj:v:10:y:2020:i:2:p:96-104:id:3954
    as

    Download full text from publisher

    File URL: https://archive.aessweb.com/index.php/5003/article/view/3954/6226
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Herjuna Qobush Izzahdi & Ani Wilujeng Suryani, 2023. "COVID-19 Vaccination, Government Strict Policy and Capital Market Volatility: Evidence from ASEAN Countries," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 117-135.
    2. Cui xiaozhong, & Yen-Ku, Kuo & Maneengam, Apichit & Cong, Phan The & Quynh, Nguyen Ngoc & Ageli, Mohammed Moosa & Wisetsri, Worakamol, 2022. "Covid-19 and oil and gold price volatilities: Evidence from China market," Resources Policy, Elsevier, vol. 79(C).
    3. Adekoya, Oluwasegun B. & Oliyide, Johnson A. & Yaya, OlaOluwa S. & Al-Faryan, Mamdouh Abdulaziz Saleh, 2022. "Does oil connect differently with prominent assets during war? Analysis of intra-day data during the Russia-Ukraine saga," Resources Policy, Elsevier, vol. 77(C).
    4. Adekoya, Oluwasegun B. & Oliyide, Johnson A. & Oduyemi, Gabriel O., 2021. "How COVID-19 upturns the hedging potentials of gold against oil and stock markets risks: Nonlinear evidences through threshold regression and markov-regime switching models," Resources Policy, Elsevier, vol. 70(C).
    5. Ricardo Pagan & Daniel Horsfall, 2020. "Medical Tourism Markets: Models of Sustainability. The Case of Spain and The Costa del Sol (Malaga)," Sustainability, MDPI, vol. 12(21), pages 1-17, October.
    6. Adekoya, Oluwasegun B. & Oliyide, Johnson A., 2021. "How COVID-19 drives connectedness among commodity and financial markets: Evidence from TVP-VAR and causality-in-quantiles techniques," Resources Policy, Elsevier, vol. 70(C).
    7. Hazem Al Samman & Erhan Akkas, 2022. "How Do the Crises of Falling Oil Prices and COVID-19 Affect Economic Sectors in the Rentier Economies? Evidence from the GCC Countries," Journal of Economy Culture and Society, Istanbul University, Faculty of Economics, vol. 65(65), pages 105-127, June.
    8. Kyungbo Park & Hangook Kim & Jeonghwa Cha, 2023. "An Exploratory Study on the Development of a Crisis Index: Focusing on South Korea’s Petroleum Industry," Energies, MDPI, vol. 16(14), pages 1-24, July.
    9. Mensi, Walid & Reboredo, Juan C. & Ugolini, Andrea, 2021. "Price-switching spillovers between gold, oil, and stock markets: Evidence from the USA and China during the COVID-19 pandemic," Resources Policy, Elsevier, vol. 73(C).
    10. Chowdhury, Mohammad Ashraful Ferdous & Meo, Muhammad Saeed & Aloui, Chaker, 2021. "How world uncertainties and global pandemics destabilized food, energy and stock markets? Fresh evidence from quantile on quantile regressions," International Review of Financial Analysis, Elsevier, vol. 76(C).
    11. Kayani, Umar Nawaz & Hassan, M. Kabir & Moussa, Faten & Hossain, Gazi Farid, 2023. "Oil in crisis: What can we learn," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asi:joasrj:v:10:y:2020:i:2:p:96-104:id:3954. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Robert Allen (email available below). General contact details of provider: https://archive.aessweb.com/index.php/5003/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.