{"title":"Asymmetric effects of oil revenue on government expenditure: insights from oil‐exporting developing countries","authors":"A. Hassan","doi":"10.1111/OPEC.12203","DOIUrl":"https://doi.org/10.1111/OPEC.12203","url":null,"abstract":"","PeriodicalId":44992,"journal":{"name":"OPEC Energy Review","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2021-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/OPEC.12203","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43052302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Energy market dynamics and role of fiscal policy in oil‐exporting countries: a TVAR approach","authors":"Rozina Shaheen","doi":"10.1111/OPEC.12204","DOIUrl":"https://doi.org/10.1111/OPEC.12204","url":null,"abstract":"","PeriodicalId":44992,"journal":{"name":"OPEC Energy Review","volume":"1 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2021-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/OPEC.12204","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41699455","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We investigate the extent to whichOPEC has succeeded in its self-stated mission of stabilising the oil market and the implications for the world’s economy. We discuss the modelling framework developed by Pierru, Smith and Zamrik (2018) and Pierru, Smith and Almutairi (2020) and update their analyses. Unstabilised monthly oil prices that would have prevailed in the absence of OPEC’s spare capacity policy are determined for the September 2001–June 2020 period. Overall, OPEC’s management of spare capacity has significantly decreased themonthly volatility of the oil price. Three subperiods (commodity boom, market-share campaign, OPEC+) can, however, be distinguished in terms of the impact on price volatility. The annual value of OPEC’s spare capacity to the world’s economy is estimated to be 193.1 billion in 2019 US dollars.
{"title":"The value of OPEC’s spare capacity to the oil market and global economy","authors":"H. Almutairi, Axel Pierru, James L. Smith","doi":"10.1111/OPEC.12199","DOIUrl":"https://doi.org/10.1111/OPEC.12199","url":null,"abstract":"We investigate the extent to whichOPEC has succeeded in its self-stated mission of stabilising the oil market and the implications for the world’s economy. We discuss the modelling framework developed by Pierru, Smith and Zamrik (2018) and Pierru, Smith and Almutairi (2020) and update their analyses. Unstabilised monthly oil prices that would have prevailed in the absence of OPEC’s spare capacity policy are determined for the September 2001–June 2020 period. Overall, OPEC’s management of spare capacity has significantly decreased themonthly volatility of the oil price. Three subperiods (commodity boom, market-share campaign, OPEC+) can, however, be distinguished in terms of the impact on price volatility. The annual value of OPEC’s spare capacity to the world’s economy is estimated to be 193.1 billion in 2019 US dollars.","PeriodicalId":44992,"journal":{"name":"OPEC Energy Review","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2021-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/OPEC.12199","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49137630","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. A. Al-Sahlawi, A. Al-Mansour, Omar Al‐Titi, Fazlul Miah
{"title":"Gasoline price reforms and household consumption behaviour: Evidence from household‐level survey data in Saudi Arabia","authors":"M. A. Al-Sahlawi, A. Al-Mansour, Omar Al‐Titi, Fazlul Miah","doi":"10.1111/OPEC.12194","DOIUrl":"https://doi.org/10.1111/OPEC.12194","url":null,"abstract":"","PeriodicalId":44992,"journal":{"name":"OPEC Energy Review","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2021-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/OPEC.12194","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48166785","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The institutional role in oil revenue‐economic growth nexus in Nigeria","authors":"I. Raifu","doi":"10.1111/OPEC.12197","DOIUrl":"https://doi.org/10.1111/OPEC.12197","url":null,"abstract":"","PeriodicalId":44992,"journal":{"name":"OPEC Energy Review","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2021-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/OPEC.12197","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42446244","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Energy crossroads and prioritization of energy choices: the case of India","authors":"Soumen Rej, Barnali Nag","doi":"10.1111/OPEC.12201","DOIUrl":"https://doi.org/10.1111/OPEC.12201","url":null,"abstract":"","PeriodicalId":44992,"journal":{"name":"OPEC Energy Review","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2021-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/OPEC.12201","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42993497","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Employment generation in net oil‐importing and net oil‐exporting countries: the role of energy consumption","authors":"O. Adekoya, M. Faraz","doi":"10.1111/OPEC.12200","DOIUrl":"https://doi.org/10.1111/OPEC.12200","url":null,"abstract":"","PeriodicalId":44992,"journal":{"name":"OPEC Energy Review","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2021-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/OPEC.12200","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48873573","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Energy consumption–economic growth nexus within the purview of exogenous and endogenous dynamics: evidence from Bangladesh","authors":"M. Islam, M. Islam","doi":"10.1111/OPEC.12195","DOIUrl":"https://doi.org/10.1111/OPEC.12195","url":null,"abstract":"","PeriodicalId":44992,"journal":{"name":"OPEC Energy Review","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2021-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/OPEC.12195","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45966536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Amir Jafarzadeh, A. Shakeri, A. Ghasemi, Afshin Javan
{"title":"Possibility of potential coalitions in gas exports from the Southern Corridor to Europe: a cooperative game theory framework","authors":"Amir Jafarzadeh, A. Shakeri, A. Ghasemi, Afshin Javan","doi":"10.1111/OPEC.12196","DOIUrl":"https://doi.org/10.1111/OPEC.12196","url":null,"abstract":"","PeriodicalId":44992,"journal":{"name":"OPEC Energy Review","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2021-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/OPEC.12196","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45897248","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The impact of financial development on energy consumption in Nigeria","authors":"Huseyin Ozdeser, O. Somoye, Mehdi Seraj","doi":"10.1111/OPEC.12198","DOIUrl":"https://doi.org/10.1111/OPEC.12198","url":null,"abstract":"","PeriodicalId":44992,"journal":{"name":"OPEC Energy Review","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2021-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/OPEC.12198","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46716851","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}