This paper contributes to the discussion of role that terrorism plays in oil production and prices literature by studying dynamics terrorist attacks OPEC. To this purpose, we use techniques based on fractional integration, cointegration VAR (FCVAR) wavelet analysis. Monthly data related OPEC production, basket crude from January 1970 December 2018 are used. The results, using integration techni...

The main purpose of this paper is to provide a quantitative analysis to investigate the behavior of the OPEC oil price. Obtaining the best mathematical equation to describe the price and volatility of oil has a great importance. Stochastic differential equations are one of the best models to determine the oil price, because they include the random factor which can apply the effect of different ...

This paper addresses the theoretical models designed to ascertain the existence of a variable level of physicians' activity in shifting the demand of their patients. Two basic approaches are followed: equilibrium models of the demand for health care, and disequilibrium models. Within the former category, both competitive and monopolistic behavior are studied. Using the monopolistic model, a sta...

in this paper, the random walk hypothesis and the opec oil market efficiency have been examined. the random walk hypothesis states that prices are completely stochastic in nature so that they have 'no memory'. in its weak-form, changes in prices occur stochastically and, as a result, the random walk behavior of prices is usually used to test the weak-form efficiency. in order to study the rando...

Carbon taxes have largely been discussed as individual country measures (even if taken simultaneously) aimed to reduce carbon emissions, slow global warning, and internalizing the externalities associated with carbon generating activities, such as power generation. There has however been little emphasis on the incentives for subgroups of countries to jointly peruse carbon taxes. Yet for large i...

The United Nations Framework Convention on Climate Change and its Kyoto Protocol require Parties to take measures to minimise the adverse effects of climate change on vulnerable countries including small island states. In negotiations the Alliance of Small Island States (AOSIS) argue that this should mean assistance for capacity building and transfer of technologies to help them adapt to a chan...

This Joint Report does not necessarily express the positions of the member countries of IEA, OECD and the World Bank, and those of OPEC and of the Governments it represents. IEA, OPEC, OECD, and the World Bank assume no liability or responsibility whatsoever for the use of the data or analyses contained in this Joint Report and nothing in this Joint Report shall be construed as interpreting or ...

The US Department of Energy’s Energy Information Administration recently predicted that world oil production could continue to increase for more than three decades, based on the recent US Geological Survey (USGS) evaluation of world oil resources and a simple, transparent model. However, it can be shown that this model is not consistent with actual oil production records in many different regio...

this paper investigates the impacts of economic and financial developments on environmental pollution for 6 opec countries using panel cointegration and panel long-run estimator (dols) over the period 1980–2008.  the results shows that both economic and financial development have significant effect on the environmental quality in selected opec economies. the findings not support the existence o...