The rapid growth of Emerging Economics in previous decades have made them an important player in the international arena, along with Developed Economics, which have a significant impact on international economic transactions. This study investigate the way oil price fluctuations affect energy-intensive sectors in Emerging and Developed Economics using quarterly data from 2005 Q1 to 2024 Q2. Particularly, in this study NARDL framework is employed to examine the asymmetric impact of changes in oil prices by decomposing oil price shocks into positive and negative partial sums. The results show significant and asymmetric effect of oil price shocks on energy-intensive industrial sectors. The results show that the effect of negative changes in oil prices on both economics is similar, while Developed Economics react differently to positive changes in oil prices compared to Emerging Economics. overall, energy-intensive industries in Developed Economics show better management and are less vulnerable to oil price fluctuations in comparison with Emerging Economics.
