منابع مشابه
OPEC announcements and their effects on crude oil prices
We investigate evidence on the effects of OPEC announcements on world oil prices by examining announcements from both official conferences and ministerial meetings on major international crudes, including the key benchmarks and several other heavy and light grades. With data from 1982 to 2008, we use event study methodology and find differentiation in the magnitude and significance of market re...
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Individuals who reproduce asexually have a two-fold advantage over their sexually-reproducing counterparts as they are able to reproduce twice as fast. Explaining why sexual reproduction is favoured over asexual reproduction therefore remains an important challenge in evolutionary biology. Various mechanisms involving resistance to parasites, adaptation to novel environments and helping to purg...
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This paper examines whether the gold coin futures prices in the Iran Mercantile Exchange can forecast accurately the gold coin spot prices at the maturity date. For this, it uses daily data of both futures and spot prices from Azar 1387 to Tir 1397. A cointegration analysis shows that in horizons shorter than 100 days, there is a significant one-to-one relation between these two prices which im...
متن کاملAn Analysis of Oil Prices Considering the Political Risk of OPEC
Oil price wild fluctuations impact the economies of developing countries as well as those of developed ones. Focusing on OPEC’s political risks as a proxy of precautionary demand, this study aims to disentangle oil price factors using an SVAR approach for 1994Q1 to 2016Q4. We disentangled oil price shocks into political risks, supplies, global demand for industrial goods and other oil price sho...
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This paper estimates a dynamic model of the world oil market and tests whether OPEC countries colluded and whether non-OPEC countries behaved oligopolistically over the period 1970-2004. The model generates estimates of the shadow price of the resource with minimal functional form assumptions. Results support oligopolistic behavior among non-OPEC producers and collusion among OPEC producers exc...
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ژورنال
عنوان ژورنال: Institute of Development Studies Bulletin
سال: 2009
ISSN: 0020-2835
DOI: 10.1111/j.1759-5436.1974.mp6002006.x