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Dergiler / Sosyoekonomi / 2013 / Cilt: 20 - Sayı: 20

Oil Price Fluctuations and Changing Comparative Advantage

Mukhriz AZIZ
Nor'aznin BAKAR
Sayfa
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Yayın Tarihi
2013-09-01
DOI
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The paper also found that oil price fluctuations negatively affect middle-income economies and net oil-exporting countries’ RCA more than high-income economies and net oil-importing countries.

📌 3 Maddede Bu Makale

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Amaç & Hipotez:This paper attempts to quantify the effects of oil price fluctuations on revealed comparative advantage (RCA) for 36 manufacturing commodities of 167 countries over a 16-year period from 1990 to 2005.
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Temel Bulgular & Veri:Using Zellner’s (1962) seemingly unrelated regression (SURE) model, the negative effects of oil price fluctuations on RCA vary according to objectives and model specification.
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Sonuç & Katkı:The paper also found that oil price fluctuations negatively affect middle-income economies and net oil-exporting countries’ RCA more than high-income economies and net oil-importing countries.
🔬Tür:Modelleme & Sayısal Simülasyon
📍Kapsam:2005 Verileri
⚙️Değişkenler:Alan Parametreleri

Özet

This paper attempts to quantify the effects of oil price fluctuations on revealed comparative advantage (RCA) for 36 manufacturing commodities of 167 countries over a 16-year period from 1990 to 2005. Using Zellner’s (1962) seemingly unrelated regression (SURE) model, the negative effects of oil price fluctuations on RCA vary according to objectives and model specification. Oil price fluctuations negatively affect manufacturing commodities’ RCA in 1997-2005 more than in 1990-1996 periods. The paper also found that oil price fluctuations negatively affect middle-income economies and net oil-exporting countries’ RCA more than high-income economies and net oil-importing countries.

Abstract

This paper attempts to quantify the effects of oil price fluctuations on revealed comparative advantage (RCA) for 36 manufacturing commodities of 167 countries over a 16-year period from 1990 to 2005. Using Zellner’s (1962) seemingly unrelated regression (SURE) model, the negative effects of oil price fluctuations on RCA vary according to objectives and model specification. Oil price fluctuations negatively affect manufacturing commodities’ RCA in 1997-2005 more than in 1990-1996 periods. The paper also found that oil price fluctuations negatively affect middle-income economies and net oil-exporting countries’ RCA more than high-income economies and net oil-importing countries.

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Bu Makaleye Atıf Yap

AZIZ, M., BAKAR, N. (2013). Oil Price Fluctuations and Changing Comparative Advantage. Sosyoekonomi, Cilt: 20 - Sayı: 20. https://ajindex.com/articles/139808

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Kaynakça (8)

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