The literature on the relationship between real output growth and the growth rate in the price of oil, including an allowance for asymmetry in the impact of oil prices on output, continues to evolve. Here we show that a new technique, which allows us to control for the persistence of oil price changes, yields results implying that such control is necessary for a statistically adequate specifica...

Olive oil is the primary source of fat in the Mediterranean diet which is associated with a low mortality for cardiovascular disease. In spite of this, data concerning olive oil consumption and primary end points for cardiovascular disease are scarce. However, a large body of knowledge exists providing evidence of the benefits of olive oil consumption on secondary end points for cardiovascular ...

The classic problem of free riding arises when nations act to curtail emissions of carbon dioxide (CO2) and other potential greenhouse gases. When damages from emissions are global rather than local, countries that do not participate in policies directed at reducing global climate change receive the benefits of other countries’ actions without incurring the costs. Past research and game-theoret...

This paper discusses the policy issues facing the country of Sno TomJ e PrRncipe, a small island country in the Gulf of Guinea, given the discovery and imminent exploitation of large reserves of oil in its territorial waters. While presenting huge opportunities, the history of other African oil-exporting countries demonstrates that there are dangers as well. An appropriate policy for macro bala...

Environmental concerns have resulted in the search for environmentally friendly natural oils for use as mosquito larvacide. Methylated coconut oil has been found to be toxic to mosquito larvae. However, the use of methylated coconut oil is limited by resource constraints in rural communities in Papua New Guinea and other Pacific Island countries where coconut oil is produced by traditional meth...

The classic problem of free riding arises when nations act to curtail emissions of carbon dioxide (CO2) and other potential greenhouse gases. When damages from emissions are global rather than local, countries that do not participate in policies directed at reducing global climate change receive the benefits of other countries’ actions without incurring the costs. Past research and game-theoret...

 This paper investigates the financial stability, measured by z-score technique in Islamic banking system of 20 countries from 2000 to 2010. We compare the stability of Islamic banks to the commercial banks, before and after the financial crisis. The empirical results from panel estimation show that: a) the large Islamic banks are more stable than the large commercial banks and furthermo...

In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers including US shale oil out of the market. Over the next year, crude oil prices crashed, with large repercussions for the global economy. We present a simple equilibrium model that explains the fundamental market factors th...

abstract i n this paper, we investigate the existence and the nature of real exchange rate misalignment in organization of the petroleum exporting countries (opec). to do this we estimated a cross country basic real exchange rate determination model for 1990-2012 and extracted historic trend of misalignment. the results imply that all opec countries have had misalignment -of different kinds tho...