In this paper, we empirically investigate the relationship between oil price changes and output in a group of oil exporting countries. The dynamics of business cycles in Libya, Saudi Arabia, Nigeria, Kuwait, Venezuela and Qatar are modeled by alternative regime switching models. We show that the extension of uni-variate Markov Switching model in order to include oil revenue improves dating busi...

abstract: the tax capacity is one of the main concepts in public finance and provides the required information on state economic power in mobilizing the tax resources for responding the financial problems and execution of economic policies. for this purpose, the main objective of this paper is to estimate the tax capacity for oil exporting countries over the period of 1995-2008 by applying pane...

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...

this paper investigates the impact of oil revenues on the output of economic sectors in some of oil exporting countries including iran, venezuela and mexico. we use cointegration analysis as well as short run and long run granger casualties' tests. the results show that in the long run, an oil boom leads to expansion of service sector, in these countries. also, the impacts of oil revenues ...

about 60 percent of the world's known reserves of oil reside in the middle east region. as such, any developments of this region are of utmost importance for the world economy. the strait of hormuz is the export conduit for 90 percent of the oil of the countries bordering the persian gulf, supplying 40 percent of world oil consumption, and is controlled by our country. since assessment of ...