Geopolitical Risk and Energy Markets: Past, Present, and Future

ABSTRACT Due to the most recent geopolitical events, such as the Russia–Ukraine conflict and the war between Israel and Hamas, geopolitical risk (GPR) and energy markets have been at the forefront of the academic debate. To identify the evolution of the literature inherent to GPR and energy markets, we conduct a meta‐literature review—that is, including both qualitative analysis (the content analysis) and quantitative analysis (the bibliometric analysis)—with regard to a selected sample of 72 papers from the period 2018 to March 2023 (March included). We perform the co‐citation and co‐authorship analysis and we also identify five main research streams as follows: (1) “Oil and uncertainty in different scenarios,” (2) “Uncertainty, resources and energy,” (3) “Geopolitical risk and oil from a broader perspective,” (4) “Oil, metal markets and uncertainty,” and (5) “Uncertainty and the oil market: a geographic perspective.” Finally, we also identify the future research perspectives. Given the increasing interest in the topic in question, our work proves to be of great interest to researchers and scholars, since it identifies the past, the present, and the future research perspectives of the topic considered.

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Institutions

Publication Details

Journal
Journal of Economic Surveys
Published
2025-03-25
DOI
https://doi.org/10.1111/joes.12697
Citations
8
Primary Topic
Market Dynamics and Volatility
Type
article
Field-Weighted Citation Impact
21.92
Controls
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article

Geopolitical Risk and Energy Markets: Past, Present, and Future

Alex Sclip, Federico Mecchia, Andrea Paltrinieri, Laura Chiaramonte
8 citations
Journal of Economic Surveys
Market Dynamics and Volatility
21.92
article

Geopolitical Risk and Energy Markets: Past, Present, and Future

Alex Sclip, Federico Mecchia, Andrea Paltrinieri, Laura Chiaramonte
article en
8 citations

Abstract

ABSTRACT Due to the most recent geopolitical events, such as the Russia–Ukraine conflict and the war between Israel and Hamas, geopolitical risk (GPR) and energy markets have been at the forefront of the academic debate. To identify the evolution of the literature inherent to GPR and energy markets, we conduct a meta‐literature review—that is, including both qualitative analysis (the content analysis) and quantitative analysis (the bibliometric analysis)—with regard to a selected sample of 72 papers from the period 2018 to March 2023 (March included). We perform the co‐citation and co‐authorship analysis and we also identify five main research streams as follows: (1) “Oil and uncertainty in different scenarios,” (2) “Uncertainty, resources and energy,” (3) “Geopolitical risk and oil from a broader perspective,” (4) “Oil, metal markets and uncertainty,” and (5) “Uncertainty and the oil market: a geographic perspective.” Finally, we also identify the future research perspectives. Given the increasing interest in the topic in question, our work proves to be of great interest to researchers and scholars, since it identifies the past, the present, and the future research perspectives of the topic considered.

Journal of Economic SurveysVol. 39(5)
Università Cattolica del Sacro Cuore (IT), University of Verona (IT), University of Udine (IT)
Openalex Percentile: Top 1%
Market Dynamics and Volatility
21.92
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