Assessing Oil and Non-Oil GDP Growth from Space

Oil-Consumption-Weighted GDP: Description, Calculation, and Comparison

Oil Price Shocks and GDP Growth: Do Energy Shares Amplify Causal Effects?

The paper estimates the effect of oil price fluctuations on GDP growth, using linear and nonlinear VAR models with data from 12 countries. It reports strong significance for the existence of non-linear moderator effects caused by a decline in the oil-to-energy share, which weakens the causal effect of oil prices on economic growth. A consideration of the relationship of oil prices and GDP over ...

Historical and Variance Decomposition for Oil Price, Oil Consumption, OPEC and Non-OPEC Oil Production

Abstract I n this paper, the behavior of the real oil price and OPEC and non-OPEC oil production during 1973-2013 are modelled. Interactions among OPEC, non-OPEC oil production, global oil consumption, and the real price of crude oil are estimated using a Structural VAR model (SVAR). After providing evidence for the structural breaks in oil price in 1996, the results indicate that, ac...

Assessing Natural Gas and Oil Resources

Natural gas demand in the United States has been increasing for the last 15 years and is projected to grow substantially in the next 20 years. Meeting this growing demand will require an accompanying increase in supply, which is expected to come mostly from additional production in the United States. The prospect of increased U.S. production has led to ongoing efforts both to better assess our ...

Assessing Natural Gas and Oil Resources

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