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The role of quantitative methods in analyzing competition through quantities :A case study of OPEC and non-OPEC

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  • Samir CHEKLELOU

    (University of Chlef (Algeria))

  • Mohammed BENMERIEM

    (University of Chlef (Algeria))

Abstract

This study aims to examine the type and degree of competition between OPEC and non-OPEC countries based on production volumes during the period from 1965 to 2023, using important quantitative tools. The study reached the following conclusions :The market share of non-OPEC countries is 1.5 times larger than that of OPEC countries on average .The volatility of OPEC countries' elasticity is greater than the volatility of non-OPEC countries' elasticity .The results of the VAR model showed a negative (positive) relationship between the production quantity of OPEC and non-OPEC countries, with an impact size of -0.32 (0.35). However, the production of non-OPEC countries does not significantly affect the production of OPEC countries .The Granger and Toda-Yamamoto tests proved the existence of a unidirectional causal relationship, specifically from OPEC countries' production to non-OPEC countries' production.

Suggested Citation

  • Samir CHEKLELOU & Mohammed BENMERIEM, 2024. "The role of quantitative methods in analyzing competition through quantities :A case study of OPEC and non-OPEC," IJEP, ALPEC The performance of Algerian economic institutions in light of international economic mobility , Boumerdes University, vol. 7(02), pages :71-92, December.
    • Handle: RePEc:bjm:ijep00:v:7:y:2024:i:02:id:329
    DOI: 10.54241/2065-007-002-005
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