The present study was aimed to investigate the effects of oil price shocks on discretionary fiscal policies in selected OPEC countries during 1980-2015. In this regard, the heterogeneous dynamic reaction to structural shock was examined using Panel Structural Vector Autoregressive (PSVAR) technique. Based on the findings, the effect of oil price shocks on discretionary fiscal policy was positiv...

INTRODUCTION The environmental concerns, including dwindling crude oil resources, high oil prices, pollution, greenhouse CO2 emissions, and toxicity in the environment, married to societal pressures towards sustainable development are currently making countries around the world turn to biomass as a renewable resource for a variety of products: fuels, lubricants, chemicals, polymers, fibers, neu...

This study proposed a novel way for global greenhouse gas reduction through reusing China's waste oil to produce biofuels. Life cycle greenhouse gas mitigation potential of aviation bio-kerosene and biodiesel derived from China's waste oil in 2010 was equivalent to approximately 28.8% and 14.7% of mitigation achievements on fossil-based CO2 emissions by Annex B countries of the Kyoto Protocol i...

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

The pumpkin seed oil obtained from Cucurbita pepo has been shown to be useful for the treatment of nocturia in patients with urinal disorders in several western countries. In this study, we evaluated the effect of the pumpkin seed oil from Cucurbita maxima on urinary dysfunction in human overactive bladder (OAB). Forty-five subjects were enrolled in this study. An extract of pumpkin seed oil fr...

We examine the effect of oil price fluctuations on democratic institutions over the 1960-2007 period. We also exploit the very persistent response of income to oil price fluctuations to study the effect of persistent (oil price-driven) income shocks on democracy. Our results indicate that countries with greater net oil exports over GDP see improvements in democratic institutions following uptur...

The world’s production of conventional hydrocarbons will soon decline. Hydrocarbon shortages are inevitable unless radical changes occur in demand, or in the supply of non-conventional hydrocarbons. The details are as follows: Global conventional oil supply is currently at political risk. This is because the sum of conventional oil production from all countries in the world, except the five mai...