Purpose – The purpose of this paper is to examine the relationship between the growth in energy use and the growth of gross national product (GDP) 1950‐2004. How closely are the two related? Does this relationship vary in strength between rich and poor countries, between market economies and...

Purpose The purpose of this paper is to investigate the volatility linkage between global oil market and major South Asian equity markets. Design/methodology/approach In order to serve the purpose, the authors employ a recently developed vector autoregressive-generalized autoregressive...

Purpose – This paper seeks to explore the factors behind the slow growth of economies with abundant oil and gas resources, despite the opportunities these resources potentially represent. Design/methodology/approach – The building blocks of standard economic growth models and the implication...

Purpose – The purpose of this paper is to study the potential loss of competitiveness due to higher oil prices through the monetary channel in a group of six oil producing countries. Design/methodology/approach – A dynamic time series methodology, Dynamic Simultaneous Equations, is applied...

Purpose – The purpose of this study is to investigate the interactive relationships between oil price shocks and the Nigeria stock market. Design/methodology/approach – The paper applied the multivariate vector auto‐regression that employed the generalized impulse response function and the...

Sample‐survey information is used to assess aspects of the predictive competence of the transaction‐cost paradigm. The extent of vertical disintegration by oil companies in offshore oil gathering is shown to be consistent with the revealed efficacy of the markets in intermediate goods and...

This article presents a general equilibrium model capable of assessing the impact of foreign price shocks on the real side of the oil‐based developing economies. The theoretical model departs from previous work in this area at least in that (1) the model takes into account endogenous income...

Purpose – Damage of oil and gas long‐distance transmission pipelines caused by corrosion, stresses, geological change, and other factors can result in catastrophic failures. The purpose of this paper is to describe a mobile out‐pipe inspection robot for the pipeline inspection....

Purpose – The purpose of this paper is to describe a new multi‐sensor robotic system designed for riser, mooring lines and umbilical cables in situ underwater inspection. Due to the aggressive operation environment, such structures are susceptible to a broad spectrum of failure causes, such...