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We put forward the novel concept of energy contagion, i.e. a deepening of energy-finance linkages under crisis periods in energy markets, and test for this using standard correlation measures and recently proposed adjusted correlation, co-skewness, and co-volatility contagion tests. Our analysis...
Persistent link: https://www.econbiz.de/10011922053
affect its dominant values, we examine the case of the movement for the abolition of slavery in the late 18th and early 19th … values and weak economic interest in the status quo to mobilize for change. Using data on anti-slavery petitions, membership … parliamentary speeches to show that industrialists were relatively less reliant on income from slavery and were characterized by a …
Persistent link: https://www.econbiz.de/10014364990
Persistent link: https://www.econbiz.de/10003599461
trade, slavery and early colonialism were linked to human capital formation, but this connection appears to have been …
Persistent link: https://www.econbiz.de/10011653651
Columbus's arrival in the New World triggered an unprecedented movement of people and crops across the Atlantic Ocean. We study an overlooked part of this Columbian Exchange: the effects of New World crops in Africa. Specifically, we test the hypothesis that the introduction of maize increased...
Persistent link: https://www.econbiz.de/10011845203
economy may be trapped in a locally stable high-corruption, high-slavery equilibrium and major changes in government policies … reducing slavery in the export industry tend to raise slavery in the remainder of the economy. It is possible that this leakage … effect dominates the reduction of slavery in the export sector. …
Persistent link: https://www.econbiz.de/10012123057
This article contributes to the debate about the impact of the U.S. fracking boom on U.S. oil imports, on Arab oil exports, and on the global price of crude oil. First, I investigate the extent to which this oil boom has caused Arab oil exports to the United States to decline since late 2008....
Persistent link: https://www.econbiz.de/10011422578
The Arab Spring has led to very different outcomes across the Arab world. I present a highly stylized model of the Arab Spring to better understand these differences. In this model, dictators from the ethnic or religious majority group concede power if their country is oil-poor, but can stay in...
Persistent link: https://www.econbiz.de/10009684064
Using a novel dataset, we develop a structural model of the Very Large Crude Carrier (VLCC) market between the Arabian Gulf and the Far East. We study how fluctuations in oil tanker rates, oil exports, shipowner profits, and bunker fuel prices are determined by shocks to the supply and demand...
Persistent link: https://www.econbiz.de/10012223879
This paper examines the statistical properties of energy consumption in the GCC countries applying fractional integration methods to annual data from 1980 to 2014. The results indicate that both the raw and the logged series exhibit a (statistically significant) linear time trend in the case of...
Persistent link: https://www.econbiz.de/10011962319