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Research by UTC – Carthage Business School’s Dr. Hchaichi and Dr. Aloui in the World’s Top 10 on the SSRN platform

The COVID-19 crisis and confinement have strengthened the will of UTC’s professors at CBS- Carthage Business School and did not prevent them from intellectually contributing to their respective fields on an international scale.

Dr. Aloui and Dr. Hchaichi, in collaboration with Dr. Khaled Guesmi, Director of the Centre for Research on Energy and Climate Change at PSB – Paris School of Business and Dr. Stephan Goutte of the University of Versailles, have published an article called, “The Impact of COVID 19 on Oil and Gas” on the SSRN platform. SSRN is an international platform dedicated to the dissemination of research in several fields. Their article ranked in the top 10 most downloaded paper.

What is the article about?

On March 12, 2020, the sharp drop in the price of U.S. crude oil to $30 was due to the spread of the coronavirus pandemic and OPEC’s inability to reach an agreement on production quotas. This CBS faculty research was conducted with their international colleagues to assess the impact of COVID-19 shocks on forwarding energy markets, particularly on the S&P GS crude oil and natural gas indices. The results confirm that the indexes respond to the COVID-19 shock, which varies over time due to fundamental factors as well as behavioral and psychological factors.

The decline in oil forward prices is partly due to a structural imbalance between supply and demand, including a sharp decline in energy demand following COVID 19 in major emerging countries such as China and an oil shock caused by disagreements between the Organization of the Petroleum Exporting Countries (OPEC) and Russia, triggering the fall in spot oil prices. In addition, the spread of the virus in the United States has had a negative impact on the commodity futures market.

On the other hand, according to behavioral finance theorists, fluctuations in commodity indices are linked to investor expectations. Indeed, during the crisis, speculators, in a purely financial logic, turned to commodity markets to increase their yields, which led to a slight rise in commodity futures indices during the stock market crash.

The short-term outlook for the commodity futures market will depend on the effectiveness of government policy to contain the COVID-19 epidemic and mitigate the impact of the global health crisis on economic activity.

Download the article to learn more about “The Impact of COVID 19 on Crude Oil and Natural Gas.”

Where is the article ranked?

This research paper was ranked among the 10 most downloaded documents in the world in SSRN under the energy sector category. We are proud at UTC to have highly qualified faculty producing quality research.

Who was involved in this research?

As the leading university in Tunisia in terms of international programs and relations, UTC encourages international collaborations and gives great importance to academic and research partnerships.

Hchaichi and Aloui have collaborated with international professors: Stéphane Goutte, from the University of Versailles and Khaled GUESMI, director of the Centre for Research on Energy and Climate Change (CRECC) – at PSB Paris School of Business.

Who are Dr. Hchaichi and Dr. Aloui?

Dr. Rafla Hchaichi is an Assistant Professor of Economics at Carthage Business School, UTC – Tunis Carthage University. Dr. Hchaichi’s research focuses on public governance (New Public Management, Total Quality Management) and more specifically on the determinants of the successful implementation of quality approaches in the Tunisian public sector. Her courses at UTC – Carthage Business School include Introduction to Economics, Monetary Economics, and International Trade.

Dr. Donia Aloui is an Assistant Professor of Economics at Carthage Business School, UTC – Tunis Carthage University. Dr. Aloui’s research focuses on the impact of unconventional monetary policies in a data-rich environment, the yield curve, Bayesian models with variable parameters over time, dynamic factor models, the effects of climate change on economic and financial systems, the impact of COVID-19 on the energy market. Among the courses she teaches at the UTC – Carthage Business School: Mathematics I and Mathematics II.

UTC – University of Tunis Cartage is committed to providing its professors with an environment conducive to their development by giving them access to international collaborations and the necessary support for their success. Thanks to a collective effort, UTC is now positioning itself as a leader in private sector research in Tunisia.