Showing 1 - 10 of 11
This paper develops a framework that analyzes how mergers and acquisitions in Alberta’s oil and gas industry affect stock prices. In this experiment, a multivariate regression is applied to several industry-specific variables to determine if they have impacts on the abnormal stock returns of...
Persistent link: https://www.econbiz.de/10009468725
This is a study about the growth of oil industry and its economic and political repercussions in Brazil. It combines an industrial analysis with an empirical assessment of the impact of oil royalties on municipal fiscal transparency in Brazil.This paper begins with an overview of the future of...
Persistent link: https://www.econbiz.de/10009477692
We contribute to the task of identifying trends and cycles in energy prices by examining very long series of prices for coal and oil, going back to 1650 in the case of coal and 1859 in the case of oil. We find annual rates of increase in real price of greater than two percent are found for coal...
Persistent link: https://www.econbiz.de/10009435028
This study investigates the economic effects of external oil and food price shocks in thecontext of selected Asia and Pacific countries including Australia, New Zealand, SouthKorea, Singapore, Hong Kong, Taiwan, India and Thailand. The study is conducted withinthe framework of SVAR model using...
Persistent link: https://www.econbiz.de/10009442814
In this paper we employ a GMM-based approach to test the restrictions imposed by a two-factor 'market and oil' pricing model when a risk-free asset is assumed to exist. We examine the Australian market which has several interesting features including self-sufficiency in relation to oil, a large...
Persistent link: https://www.econbiz.de/10009451584
Global oil prices have risen markedly over the past 18 months, generating considerable speculation regarding their economic and social impacts. Cities that are highly dependent on petroleum for urban transport are likely to be most adversely affected by rising oil prices. Yet there has been...
Persistent link: https://www.econbiz.de/10009484984
Despite the relevance in terms of policy, we still know little in Spain about where and by whom jobs are created, and how that is affecting the size distribution of firms. The main innovation of this paper is to use a rich database that overcomes the problems encountered by other firm-level...
Persistent link: https://www.econbiz.de/10012529544
Saudi Arabia is the largest player in the world oil market. It maintains ample spare capacity, restricts investment in …
Persistent link: https://www.econbiz.de/10012530301
Este documento presenta un modelo de equilibrio general del mercado global de petróleo, en el que tanto el precio del mismo como su producción y consumo se determinan conjuntamente como resultado de un proceso de decisiones estratégicas de importadores y exportadores de crudo. Por el lado de...
Persistent link: https://www.econbiz.de/10012530346
Este trabajo analiza los cambios en la relación entre el precio del petróleo y el PIB de Estados Unidos desde una perspectiva de largo plazo. Aunque en ninguna de las dos series (tasas de crecimiento del PIB y del precio del petróleo) se detectan cambios estructurales en la media, se...
Persistent link: https://www.econbiz.de/10012530526