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...

Internet of Things (IoT) seems a viable way to enable the Smart Cities of the future. iNUIT (Internet of Things for Urban Innovation) is a multi-year research program that aims to create an ecosystem that exploits the variety of data coming from multiple sensors and connected objects installed on the scale of a city, in order to meet specific needs in terms of development of new services (physi...

At the beginning of 2020, problems arose that will affect further development economy and transport, firstly, withdrawal Saudi Arabia United Arab Emirates from OPEC deal, secondly, fall in price Brent oil by more than 30%, thirdly, outbreak coronavirus infection COVID-19, which has largely affected enterprises all industries. The country’s global world is characterized volatility presence risks...

We estimate the effects of unexpected changes in oil prices on output for the case of Venezuela, an oil-exporting economy. Following Hamilton (2003), Lee et al. (1995), and Mork (1989), we estimate measures of oil shocks and determine the effect of these shocks on the Venezuelan economy. Our results suggest that oil shocks have had positive and significant effects on output growth in Venezuela ...

from OPEC-caused price changes.) In addition, we believe that use of regulated prices is inconsistent with the spirit of a study purporting to demonstrate the advantages of increased competition. Our second alternative question modifies the meaning of an optimally configured capital stock. We call it the dynamic optimization (DO)

This study further develops a party to party gas price bargaining model (expanded in a research paper by Okugu, 2002) by using proxies of prices of these replacement fuels in OPEC spot oil prices and Henry Hub (HH) spot gas prices. The study finds a significant relationship between the variables. When optimally lagged data are analysed in a vector autoregressive model, a significant longer-term...