This paper studies the impact of oil price shocks on fiscal policy and real GDP in Oman using new unexplored data. We find that an shock explains around 22% 46% government revenue variation, respectively. Decomposing further into petroleum non-petroleum related components, we 26% variation 90% petroleum-GDP. Though respond positively to shocks, expenditure is not directly affected by prices but...

Crude oil exerts a strong influence on national economy. Changes of international crude oil price have an important effect on Chinese economy because of China’s high dependence on the import of the crude oil. Thus, Chinese stock market can be shocked by the fluctuation of oil price. Reversely, changes in crude oil imports of China have some effect on demands and price of the crude oil. This art...

 Taxation is one of the significant phenomena in any economy as it not only generates revenues for existing government, but also serves as a fiscal tool and stabilization policy. One of the main types of taxation is the petroleum tax which accounts for more than 30% of revenue for developed countries and more than 85% for developing economies. This work focuses on petroleum producing giants in ...

--------------------------------------------------------ABSTRACT-------------------------------------------------Due to depletion of fossil fuel reserves and increasing cost of the petroleum products are the big troubles of today's world .from past to present, tendency of oil price have increased consecutively. Especially, India has deficient amount of fossil fuel .for this reason, India has to...

this research studies the application of hybrid algorithms for predicting the prices of crude oil. brent crude oil price data and hybrid intelligent algorithm (time delay neural network, probabilistic neural network, and fuzzy logic) were used to build intelligent decision support systems for predicting crude oil prices. the proposed model was able to predict future crude oil prices from august...