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On the economic determinants of oil production

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  • Cologni, Alessandro
  • Manera, Matteo

Abstract

In this paper, decisions regarding production in oil exporting countries are studied by means of theoretical analysis and empirical investigation. In particular, we aim at describing the relationship between oil production levels and changes in the world oil demand and prices.

Suggested Citation

  • Cologni, Alessandro & Manera, Matteo, 2014. "On the economic determinants of oil production," Energy Economics, Elsevier, vol. 44(C), pages 68-79.
  • Handle: RePEc:eee:eneeco:v:44:y:2014:i:c:p:68-79
    DOI: 10.1016/j.eneco.2014.03.019
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    References listed on IDEAS

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    More about this item

    Keywords

    Oil production levels; Partial equilibrium model; Time-series econometric techniques; Asymmetric effects;

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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