We estimate models that identify the economic and organizational determinants of crude oil production by individual OPEC nations. To clarify the interpretation of econometric results, we model production with specifications that resolve the statistical ordering of variables and estimate models with techniques that can cope with stochastic trends in the time series. We also analyze the short-run...

This study initially calculates export sophistication of Middle East and North Africa (MENA) countries to 
 make a comparison in the region between OPEC non-OPEC for 2004-2016 period. Secondly, short long run empirical analysis are applied examine effect on GDP per capita growth controlling several macroeconomic variables. Lastly, panel VAR is utilized decompose variation rate. Empirical f...

Oil sector is the most effective sector in these countries. Oil is the most important product that world industries use as the cheapest energy. The price of oil depends on the world’s supply and demand and many economic, political and geographical variables. This is the reason why the price of oil has fluctuations. The fluctuations in oil price lead to fluctuate in the oil revenues of the membe...

This paper is to study the resource curse applying annual data from 2002 to 2016 for the Organization of the Petroleum Exporting Countries (OPEC) members i.e. Algeria, Iran, Kuwait, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela. For this purpose, there were concerned the interactions role of resource abundance and institution quality, and their marginal effect of the countrie...

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...

abstract t his paper explains bilateral trade patterns between south korea and thirteen opec member countries over the period 1980-2014 using a gravity model. the estimation results show that the gravity equation fits the data reasonably well. we confirmed the existence of long term relationships between the bilateral trade flows and the main components of gravity model - gdp, income (gdp per c...

This paper analyzes the response of international oil producers to demand-induced changes in the real price of oil during 1975–2011. The goal is to disentangle fluctuations in OPEC and non-OPEC production and to derive consistent estimates of the short-run price elasticity of crude oil supply at the country level. I find that oil producers hardly respond to demand shocks within the same month, ...

debt: major default risks for dc banks, shortage of cash for the lowest-income developing countries (LICs), and uncertainty and high cost of credit for middleincome developing countries (MICs), all require attention; recycling: if OPEC surpluses are not placed in Ides to permit extra imports from des (tn-cycling) Ides will cut their purchases of such imports, and will be driven towards costly b...