. In 1960, OPEC was established and since then it has been a considerable political and economic force in the oil market …. Two thirds of the world’s oil reserves belong to OPEC members. OPEC is accused of being responsible for most of the price … increases due to their production cuts and market power. This paper provides a general framework to examine the role of OPEC in …

This study has attempted to examine and compare the effects of 2007 financial crisis on inflation in OPEC countries and … crisis in both countries group. According to the obtained results, the only affected variable by the crisis in OPEC countries … no relationship between output and inflation in OPEC countries, so it reflects weak manufacturing structure sector (real …

to OPEC cartel as world’s major petroleum producer and trader as well as its forms of control in production and trade …

understand the world economy response after OPEC I and OPEC II in terms of the evolution of the North-South terms of trade, rates … of profit and output levels. Therefore, we support the view of the world economy in a three regional setting, North-South-OPEC. …

OPEC's marginal propensity to import is sufficiently low. Whereas in the first framework, the oil intensiveness of Southern … output is critical to the results, in the second the critical parameter is OPEC's recycling coefficient. In general, the …

The Organisation of Petroleum Exporting Countries (OPEC) is a permanent inter - governmental organisation composed of … member states whose economies mostly rely on revenues from oil export. The OPEC¡¯s twelve members work together to coordinate … the overall oil price in the world market. So far, there have been numerous studies on OPEC¡¯s influence on the world …