a r t i c l e i n f o JEL classification: F1 F4 Q43 N75 Keywords: Oil price shock Trade balance VAR Granger non-causality test Gregory-Hansen cointegration test This study aims to examine whether a large part of the variability of trade balances and their oil and non-oil components is associated with oil price fluctuations. The long-run causality running from oil price to overall, oil and non-o...

Recognition of economic growth determinants is one of the most important concerns for economists. In the oil exporting countries oil revenues play a significant role for the economy alongside with other economic growth determinants. This paper attempts to investigate the role of oil in selected oil-revenue dependent economies. Since oil revenue goes directly to public treasury and is expended b...

 The oil price shocks are an important source that affect on TOT in both oil exporting and importing countries. Hence, this paper compares the effects of real oil price shock on TOT in both oil importing and exporting countries, using Panel Data technique and during 1980-2010. To the best of our knowledge, we applied the nonlinear approach in order to assess the asymmetric impact of the oil pri...

The downtrend in oil prices beginning in 2014 represents a challenge for smallopen developing and exporting economies like Libya. This stems from the importance of government revenue generated from the natural resource sector in financing government consumption and investment expenditures as well as capital imports. The dependency on the natural resource sector and a relatively weak non-natural...

Oil price shocks are the major source of economic instability in oil exporting developing countries, including Iran. In this paper a Multi Sector Dynamic Stochastic General Equilibrium model, with emphasis on optimization of oil sector as a producing sector is designed. Furthermore, an optimizing import sector is introduced into the model by considering the price rigidity in imported goods as a...

â â â â â â â  this paper proposes a new forecasting model for investigating relationship between the price of crude oil, as an important energy source and gdp of the us, as the largest oil consumer, and the uk, as the oil producer. gmdh neural network and mlff neural network approaches, which are both non-linear models, are employed to forecast gdp responses to the oil price changes. the resul...

in the initial models of economic growth, economic factors entered in to models but in the following models, non-economic factors entered in to models. many broad studies were done on this subject by the economists, and already considerable results were obtained. subjects such as corruption in the administrative bodies were new variables entering the literature of economic growth at that stage....

 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...

Energy has always been of particular importance to humanity. Oil and gas have been some of the energies that greatly influenced the national security of countries, which produce and consume energy. With the transformation of geostrategic discourse into geo-economic discourse in recent decades and the key role of economics in global relations, oil as the basis of modern industry has enjoyed a hi...