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Economic Turmoil - Oil Prices and the Middle East Crisis

Author

Listed:
  • Muhammad Zia-Ur Rehman

    (Assistant Professor,)

  • Zahid Bashir
  • Asia Baig

    (Demonstrator,)

Abstract

This study focuses on Economic turmoil due to issues of the Middle East and its relation to oil prices, hence transposing the crisis to other economies of the world. A qualitative and logical resigning technique is used during the study. The author finds that the Middle East has a lot of issues related to oil prices, oil production. Most important are wars and conflicts within the region, terrorism, radicalism, the influence of US in the region, week government, and issues of politics. This study provides information to the government in policy making, in investment decisions, in politics and in financial decision making related to oil prices and its production in the region

Suggested Citation

  • Muhammad Zia-Ur Rehman & Zahid Bashir & Asia Baig, 2018. "Economic Turmoil - Oil Prices and the Middle East Crisis," Global Economics Review, Humanity Only, vol. 3(1), pages 71-80, June.
    • Handle: RePEc:aaw:journl:v:3:y:2018:i:1:p:71-80
    DOI: 10.31703/ger.2018(III-I).08
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    References listed on IDEAS

    as
    1. James D. Hamilton, 2011. "Historical Oil Shocks," NBER Working Papers 16790, National Bureau of Economic Research, Inc.
    2. Mohammad R. Jahan‐Parvar & Hassan Mohammadi, 2009. "Oil prices and competitiveness: time series evidence from six oil‐producing countries," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 36(1), pages 98-118, January.
    3. Farzanegan, Mohammad Reza, 2011. "Oil revenue shocks and government spending behavior in Iran," Energy Economics, Elsevier, vol. 33(6), pages 1055-1069.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economic Turmoil; Middle East Issues; War and Conflicts in the Middle East; Oil Prices;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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