We employ a set of sign restrictions on the impulse responses of a Global VAR model,
estimated for 38 countries/regions over the period 1979Q2–2011Q2, as well as bounds on …

The aim of this paper is to empirically examine the dynamic relationships between oil
revenues, government spending and economic growth in the Kingdom of Bahrain. Oil …

This paper empirically investigates the cointegrating relationship between crude oil prices
and global economic activity. The Kilian economic index is used as an indicator of global …

This article provides a fresh insight into the dynamic nexus between oil prices, the Saudi/US
dollar exchange rate, inflation, and output growth rate in Saudi Arabia'economy, using novel …

This study employs the general methods of moment (GMM) to examine the impact of oil price
shocks on the Nigerian economy, using data from 1981 to 2012. After appropriate …

This paper investigates the global macroeconomic consequences of country-specific oil-
supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we …

Several times a year, OPEC hosts conferences among its members to agree on further oil
production policies. Prior to OPEC conferences, there is usually rampant speculation about …

We document the findings of a study undertaken to identify gaps in current knowledge
pertaining to price formation, volatility and the role of hedging and speculation in the global …

This paper examines the efficacy of second-best trade restrictions at correcting sectoral
misallocation due to scale economies or profit-generating markups. To this end, we …

We analyze the determinants of the real price of crude oil by means of an equilibrium
correction model over the last two decades where we focus on the aspects of the physical …