Suleiman, Najat Nassor and Jamaludin, Husna (2025) The economic ripple of oil prices: a bibliometric insight into global research trajectories. International Journal of Academic Research in Economics and Management Sciences, 14 (4). pp. 446-466. ISSN 2311-4185 E-ISSN 2226-3624
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Abstract
Purpose – This study aims to provide a comprehensive bibliometric analysis of global research on oil price impacts covers nearly five decades (1978–2025). It analyses publication trends, citation patterns, influential contributions, emerging topic areas, research needs, and future directions. Design/methodology/approach – A total of 301 peer-reviewed articles was extracted from the Scopus database utilising structured keywords related to oil price impacts. The research employs bibliometric tools including bibliometrix (R), VOSviewer, and OpenRefine to analyse descriptive statistics, co-authorship networks, journal performance, institutional productivity, and keyword co-occurrence. This study follows the five-step framework proposed by Zupic and Čater (2015), facilitating the mapping of intellectual structure and thematic evolution. Findings – The findings show a significant growth in publications related to oil prices since the early 2000s, accompanied by increased academic focus during times of economic or geopolitical crisis. “Energy Economics” and “International Journal of Energy Economics and Policy” are identified as the most influential journals, with scholars like Kilian and Park demonstrating significant citation impact. Universiti Sains Malaysia and Central South University are prominent institutions in this field. The predominant keywords are “oil price shocks,” “inflation,” “economic growth,” and “asymmetric effects.” Recent trends reflect a focus on sustainability, carbon emissions, and the impacts of COVID-19, indicating a movement towards interdisciplinary themes. The research highlights the insufficient representation of studies from oil-dependent developing nations, especially in Africa. Research limitations/implications – The research is limited to English-language papers indexed in Scopus, potentially excluding substantial contributions from non-English sources and other databases like Web of Science or EconLit. Furthermore, the dependence on bibliometric methods does not allow for causal inference or econometric assessment of oil price effects, hence limiting direct policy relevance. Originality/value – This study covers 47 years of scholarly output, making it one of the largest bibliometric assessments on oil price implications. It integrates historical, conceptual, and institutional assessments to guide future study on renewable transition, geopolitical risk, and macroeconomic vulnerability. Researchers, politicians, and organisations seeking to understand global oil market dynamics can benefit from the findings. Keywords: Bibliometrics, Oil Price, Macroeconomic Impacts
| Item Type: | Article (Journal) |
|---|---|
| Uncontrolled Keywords: | Bibliometrics, oil price, macroeconomic impacts |
| Subjects: | BPH Islamic Economics > BPH72 Economic development. Growth. Sustainable development. Sustainability H Social Sciences > H Social Sciences (General) |
| Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): | Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Economics |
| Depositing User: | Dr husna jamaludin |
| Date Deposited: | 15 Dec 2025 17:33 |
| Last Modified: | 16 Dec 2025 16:36 |
| Queue Number: | 2025-12-Q859 |
| URI: | http://irep.iium.edu.my/id/eprint/125726 |
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