on asymmetric causal relationships in petropolitics
Clicks: 214
ID: 192992
2016
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Abstract
The aim of this paper is to examine whether the First Law of Petropolitics
denominated by Friedman in 2006 is valid for OPEC countries. To do this, this
paper analyses the relationship between political risk and oil supply by
applying the asymmetric panel causality test suggested by Hatemi-J (2011) to
these countries for the period 1984-2014. The results show that the First Law
of Petropolitics is valid for Angola, Iraq, Kuwait, Libya, Nigeria, Qatar,
Saudi Arabia, and the UAE, given that positive oil supply shocks
significantly lead to negative political stability shocks, and negative oil
supply shocks significantly lead to positive shocks in political stability.
| Reference Key |
feyza2016ekonomskion
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|---|---|
| Authors | ;Balan Feyza |
| Journal | Aesthetic plastic surgery |
| Year | 2016 |
| DOI |
10.2298/EKA1609007B
|
| URL | |
| Keywords |
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