The marketing and sales polices of Iranian crude oil have been revised and changed after the Islamic Revolution of 1979. Production policy that drastically cut back production in order to maintain oil reserves for future generations. In terms of marketing Iranian crude oil, the new revolutionary...

I examine the relative information roles among West Texas Intermediate spot crude price and four futures contracts (F1 through F4) with different maturities. Using a cointegrated system with a non-unitary cointegrating vector, I address price discovery by investigating which price is more...

The complexity of the world oil market has increased dramatically in recent years and new approaches are needed to understand, model, and forecast oil prices today. Many models have been explored and most of the papers and modeling projects referenced in this paper identify their own...

This paper uses a meta-analysis to survey existing factor forecast applications for output and inflation and assesses what causes large factor models to perform better or more poorly at forecasting than other models. Our results suggest that factor models tend to outperform small models, whereas...

To enrich the debate about the fiscal effectiveness of sovereign wealth funds, this paper explores the effect of sovereign wealth funds (more precisely sovereign oil funds, SOFs) on the government spending in real term and as a share of GDP. First, we evaluate the relationship between the...

This paper surveys existing factor forecast applications for output and inflation by means of a meta-analysis and assesses the determinants of the forecast performance of large factor models relative to other models. Our results suggest that factor models tend to outperform small models, whereas...

I explore the link between openness to trade, investments in human capital and technology, credit market constraints, and child labor in a panel of 101 countries from 1980 to 2004. In a cross-country setting, Neumayer and De Soysa (2005) and Edmonds and Pavcnik (2006) find that countries that...

What is the effect of more stringent labor standards on trade performance? Several recent papers have attempted to identify the partial effects of international labor standards on trade by using ILO labor standards ratifications as instruments in cross-sectional regressions. This paper...

Current empirical growth models limit the determinants of country growth to geographic, economic, and institutional variables. This study draws on conflict variables from the Correlates of War (COW) project to ask a critical question: How do different types of conflict affect country growth...