In this paper, using the co-integrated VAR model we attempt to empirically investigate the effects of oil price and monetary shocks on the Russian economy covering the period 1995:Q3-2007:Q4. Our finding is that real GDP and inflation in Russia exhibit a positive response to an oil price increase, but not in the case of interest rates. Also we see that the impact of the oil price shock on the e...

This paper uses a ßexible approach to characterize the nonlinear relation between oil price changes and GDP growth. The paper reports clear evidence of nonlinearity, consistent with earlier claims in the literature— oil price increases are much more important than oil price decreases, and increases have signiÞcantly less predictive content if they simply correct earlier decreases. An alternativ...

Energy plays a significant role in today's developing societies. The role of energy demands to make decisions and policy with regard to its production, distribution, and supply. The vital importance of energy, especially fossil fuels, is a factor affecting agricultural production. This factor has a great influence on the production of agricultural products in Iran. The forecast of the con...

This paper presents a hybrid wavelet support vector machines (WSVM) model that combines both wavelet technique and the SVM model for crude oil price forecasting. Based on the purpose, the main time series was decomposed to some multi-frequently time series by wavelet theory and these time series were imposed as input data to the SVM for forecasting of crude oil price series. To assess the effec...

With the rapidly increasing global energy needs, offshore oil production has become an attractive source of energy. Supplying offshore oil production installations is a complex logistics problem that hinges on many factors with significant uncertainties. So, it is critical to provide the necessary supplies and services without interruption. In a typical offshore oil production effort, oil compa...

the price of oil plays an important role in the global economy and is an important factor influencing the government and commercial sectors. because of increasing importance of oil in financial markets, oil price predictions have always been an important subject for the researchers in economics, and other economic agents. this paper tries to study the behavior of crude oil prices based on smoot...

The use of GARCH models to characterize crude oil price volatility is widely observed in the empirical literature. In this paper the efficiency of six univariate GARCH models and two methods of estimation the parameters for forecasting oil price volatility are examined and the best method for forecasting crude oil price volatility of Brent market is determined. All the examined models in this p...

This paper investigates the relationship between natural gas consumption, price, crude oil Foreign direct Investment and per capita GDP in Nigeria to ascertain their causal effects dependencies by using time series data from 1990 2020 an econometric platform Vector Error Correction model (VECM). The result of VECM estimate, Granger causality test Variance decomposition all suggest presence a st...