Ali Takroosta; Parisa Mohajeri; Teymour Mohamadi; Abbas Shakeri
Abstract
Considering the source of oil shocks, this study aims to investigate the effect of oil price shocks on the key macroeconomic variables of the OPEC countries. Even though oil shocks are originated by various factors, political risks are of great importance. Using structural vector-autoregressive model, ...
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Considering the source of oil shocks, this study aims to investigate the effect of oil price shocks on the key macroeconomic variables of the OPEC countries. Even though oil shocks are originated by various factors, political risks are of great importance. Using structural vector-autoregressive model, we disentangled oil shocks and studied their impacts on OPEC’s GDP growth and inflation, using a Panel-VAR for 1994:1-2016:4. Our results highlight that among oil shocks, the oil price shocks stemming from the political risk of OPEC countries have the most significant impact on the OPEC's economic growth, while not having any significant impact on inflation of the countries. We also learned that oil supply shocks could also boost economic growth and increase inflation rates in OPEC countries, although these increases are not significant. Other oil price shocks will only lead to higher inflation in these countries without affecting OPEC's economic growth.
Hossein Asgharpourpour; Davoad Behboodi; Rabab Mohammadi Khaneghahi
Volume 2, Issue 6 , April 2013, , Pages 1-26
Abstract
During the last decades, global warming and climate change has created much concern across the world. These concerns coincided with the aim of achieving higher economic growth, has become Environmental risks arising from economic activity to a controversial issue. The main objective of this study is ...
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During the last decades, global warming and climate change has created much concern across the world. These concerns coincided with the aim of achieving higher economic growth, has become Environmental risks arising from economic activity to a controversial issue. The main objective of this study is to investigate the long run effects of economic and financial developments on environmental pollution in selected Opec countries over the period 1973-2007. The results show that financial development indicators have significantly negative impact on CO2 emissions. Also, the results show that the relationship between economic development and CO2 emissions follow a N shaped relationship. Hence, the recommended policy is more financial development in order to improve the quality of the environment.
Hasan Dargahi; Mina Bahrami Gholami
Volume 1, Issue 1 , January 2011, , Pages 73-99
Abstract
The greenhouse gas emissions as a result of human activities is considered the main factor in global warming. This subject is of greater importance in OPEC countries because of the dependency of OPEC economies on fossil fuels and their economic vulnerability in relation with climate changes conventions ...
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The greenhouse gas emissions as a result of human activities is considered the main factor in global warming. This subject is of greater importance in OPEC countries because of the dependency of OPEC economies on fossil fuels and their economic vulnerability in relation with climate changes conventions and the Kyoto Protocol. In this study, besides analyzing the extent of compliance with EKC in the OPEC and OECD countries, the most important factors influencing CO2 emission will be examined and also the policy implications of KEC for Iran will be studied. The findings indicate that firstly, the inverse U shaped Environmental Kuznets Curve is not confirmed for all the studied countries, including Iran. Secondly, manufacturing value added to GDP (as an industrial development index), trade to GDP (as the openness index), and energy consumption to GDP (the energy intensity index) are found to be the main macroeconomic determinants.
