Effect of Oil Prices on the Nigerian Economic Growth

2020 ◽  
Vol 7 (3) ◽  
pp. 15-21
Author(s):  
Monye , Michael C. ◽  
Omogbiya , Shulammite O.
Keyword(s):  
Economic Growth ◽  
Oil Prices

The Instruments of the Stabilization Fund: The Experience and Prospects

2004 ◽  
pp. 65-75 ◽  
Author(s):  
Mst. Afanasiev
Keyword(s):  
Economic Growth ◽  
Oil Prices ◽  
Federal Budget ◽  
Future Generations ◽  
The World

Сreation of the stabilization fund has become the main feature of the Russian federal budget for 2004. This instrument provides the opportunity to reduce the dependence of budget incomes on the fluctuations of oil prices. The accepted model does not consider the world experience in building of such funds as the "funds for future generations", and the increase of other revenues from the growing oil prices as well. That can lead to shortening and immobilization of the financial basis of economic growth.

Energy consumption and energy R&D in OECD: Perspectives from oil prices and economic growth

Energy Policy ◽  
2013 ◽  
Vol 62 ◽  
pp. 1581-1590 ◽  
Author(s):  
Siang Leng Wong ◽  
Wai-Mun Chia ◽  
Youngho Chang
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Oil Prices

Oil Price—Macroeconomy Causality: Evidence from Emerging Economies

2021 ◽  
Keyword(s):  
Economic Growth ◽  
Causal Relationship ◽  
Emerging Economies ◽  
Oil Prices ◽  
Oil Price ◽  
China And India ◽  
Cross Country

This paper investigates whether changes in oil prices could explain cross-country variations in economic growth. The sample included WANA countries, China and India. The findings indicated bidirectional oil price-economy causality in the WANA region’s oil-exporting countries. In addition, a unidirectional causality running from changing oil prices to growth was found in the WANA region. However, there was no clear oil price-economy causal relationship for non-oil WANA countries, China and India. The study recommended diversification and fuel pricing reforms to create a robust fiscal balanced and sustained economic growth.

scholarly journals PENGARUH HARGA MINYAK DUNIA TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA (MODERASI VARIABEL MONETER)

2020 ◽  
Vol 2 (3) ◽  
Author(s):  
Wilda Novita Sari ◽  
Ariusni Ariusni
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Exchange Rate ◽  
Data Analysis ◽  
Secondary Data ◽  
Oil Prices ◽  
Analysis Tool ◽  
Data Analysis Tool ◽  
The Exchange Rate ◽  
The Relationship

Abstract: The purpose of this research is to be able to determine the effect of world oil prices on economic growth in Indonesia by applying the exchange rate moderating variable and the BI rate as a connecting variable. Descriptive and associative research is a type of research that is used with data collection techniques through a trusted official agency website that is classified in the quarterly time series secondary data. The data year in this study was from 2006 to 2018. Data analysis was carried out through descriptive and inductive analysis with a Moderated Regression Analysis (MRA) data analysis tool accompanied by a classic assumption test and a t test. Estimation results show that there are two research results; firstly, that the exchange rate has an effect on moderating the relationship between world oil prices and economic growth in Indonesia, secondly, that the BI rate has no influence connecting world oil prices and economic growth in Indonesia. Keywords: World oil prices, economic growth, exchange rates, BI rate, Moderated Regression Analysis (MRA).

Restructuring Russian Industry

Putinomics ◽  
2018 ◽  
Author(s):  
Chris Miller
Keyword(s):  
United States ◽  
Economic Growth ◽  
Oil And Gas ◽  
Oil Prices ◽  
The United States ◽  
Capital Flight ◽  
Russian Industry ◽  
Increase Productivity ◽  
Boom Period ◽  
Macroeconomic Environment

As the macroeconomic environment stabilized, business rushed to invest. Westerners often focus on ‘capital flight’ out of Russia, but the reality is that the 2000s were a boom period for investment by Russian and foreigners. The results were widely evident, as new businesses opened and productivity shot up. In sectors such as retail and steel, for example, productivity levels doubled relative to the United States, the productivity leader. Russian firms still trail far behind, but during the 2000s they made great strides. Russia is often criticized for being overly dependent on oil and gas. Certainly the country would benefit from a more diversified economy. Yet it is wrong to credit economic growth during the Putin era simply to high oil prices. Windfall oil profits are capable of boosting consumption, but they do not increase productivity. The fact that Russian firms increased productivity so rapidly shows that other factors—a stable macroeconomic climate coupled with the tenacity of Russia’s entrepreneurs—were powering the economy forward.

scholarly journals Do High Oil Prices Obstruct the Transition to Renewable Energy Consumption?

2020 ◽  
Vol 12 (11) ◽  
pp. 4689 ◽  
Author(s):  
Shahriyar Mukhtarov ◽  
Jeyhun I. Mikayilov ◽  
Sugra Humbatova ◽  
Vugar Muradov
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Negative Impact ◽  
Oil Prices ◽  
Oil Price ◽  
Renewable Energy Consumption ◽  
Long Run ◽  
Carbon Dioxide Co2 ◽  
The Impact

The study analyzes the impact of economic growth, carbon dioxide (CO2) emissions, and oil price on renewable energy consumption in Azerbaijan for the data spanning from 1992 to 2015, utilizing structural time series modeling approach. Estimation results reveal that there is a long-run positive and statistically significant effect of economic growth on renewable energy consumption and a negative impact of oil price in the case of Azerbaijan, for the studied period. The negative impact of oil price on renewable energy consumption can be seen as an indication of comfort brought by the environment of higher oil prices, which delays the transition from conventional energy sources to renewable energy consumption for the studied country case. Also, we find that the effect of CO2 on renewable energy consumption is negative but statistically insignificant. The results of this article might be beneficial for policymakers and support the current literature for further research for oil-rich developing countries.

scholarly journals THE EFFECT OF CRUDE OIL PRICES ON INFLATION, INTEREST RATES AND ECONOMIC GROWTH IN INDONESIA

2019 ◽  
Vol 9 (5) ◽  
pp. 14-19
Author(s):  
Rostin Rostin ◽  
Abd Azis Muthalib ◽  
Pasrun Adam ◽  
Muh. Nur ◽  
Zainudin Saenong ◽  
...  
Keyword(s):  
Economic Growth ◽  
Crude Oil ◽  
Interest Rates ◽  
Oil Prices ◽  
Crude Oil Prices

West Africa ports compete for regional dominance

2015 ◽  
Keyword(s):  
Economic Growth ◽  
West Africa ◽  
Private Sector ◽  
Ivory Coast ◽  
Oil Prices ◽  
Infrastructure Projects ◽  
Asian Countries ◽  
Content Type ◽  
Port Infrastructure ◽  
Port Expansion

Subject West Africa ports development. Significance Economic growth and rising trade volumes with Asian countries are straining West Africa's commercial port capacities. Various port infrastructure projects are underway as states compete to become shipping gateways for the region. Ever larger container ships are also forcing states to offer deeper water berth ports. Ivory Coast, Ghana and Nigeria are leading the race. Impacts Low oil prices should not affect port expansion as the costs are borne by competing private sector operators. The question of whether the operator-driven port model delivers equivalent benefits to individual economies will grow as profits rise. European private sector port operators continue to dominate, but competition from Asian companies such as DP World is growing.

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