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...

Zusammenfassung Der vorliegende Artikel verfolgt die Zielsetzung, im Kontext langfristig global erodierender, komparativer Wettbewerbsvorteile von Entwicklungsländer-Destinationen auf theoretisch-konzeptioneller Basis Möglichkeiten zur Institutionalisierung von nachhaltigen...

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...

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...

Purpose – The purpose of this paper is to determine the level of corporate social responsibility (CSR) that is expected of oil‐multinationals by the host‐communities in which they operate in Nigeria's oil‐rich Delta region. It also suggests how the aggressive opposition of the...

Purpose – The purpose of this paper is to investigate the efficacy of Nigeria's oil and gas industry local content (LC) policy, with particular reference to how the policy has enhanced entrepreneurial activities and served as panacea to resolving some of the country's socio‐economic...