scholarly journals The Relationship Between Oil and Natural Gas Prices on the Malaysian Economic Sectors

2018 ◽  
Vol 7 (4.34) ◽  
pp. 118
Author(s):  
Nur Surayya Mohd Saudi ◽  
Wong Hock Tsen ◽  
Abdul Latif Harun ◽  
Zailin Zainal Ariffin ◽  
Nur Zahidah Syafii ◽  
...  
Keyword(s):  
Natural Gas ◽  
Positive Relationship ◽  
High Energy ◽  
Series Data ◽  
Economic Sectors ◽  
Agriculture Sector ◽  
Natural Gas Prices ◽  
Oil And Natural Gas ◽  
The Impact ◽  
The Relationship

This study has investigated the relationship between the changes in oil and natural gas prices on the Malaysian economic sectors. Four economic sectors were selected namely manufacturing, services, agriculture, and mining. However, there was less study conducted at the sector level. Hence, the goal of this paper is to explore the impact of oil and gas prices on economic sectors GDP. This study has conducted econometrics modelling based on the ARDL bound testing with the spanning time series data from year 1987 to 2017. The empirical findings revealed that the relationship between the oil and natural gas prices in the manufacturing and services sector is negative, while the agriculture sector showed a positive relationship, and the mining sector showed no relationship. The empirical findings concluded that the manufacturing and services sectors that consumed more energy are dependent on the price changes. Meanwhile, the agriculture sector is a highly subsidised sector which has a positive relationship with energy prices. In the policy recommendation, Malaysia has to apply the energy pricing policy by offering energy subsidy to the high energy consumed sectors. Finally, Malaysia should develop policies that can diversify its energy resources and increase the shares of renewable energy sources. 

scholarly journals An Investigation of the Determinants of Savings and Investment in Nigeria

2015 ◽  
Vol 1 (2) ◽  
pp. 1 ◽  
Author(s):  
Adelakun O. Johnson
Keyword(s):  
Economic Growth ◽  
Positive Relationship ◽  
Inflation Rate ◽  
Time Series Data ◽  
Series Data ◽  
Correction Model ◽  
Use Of Time ◽  
The Impact ◽  
The Relationship

<p>This study examined the relationship between savings, investment and economic growth. A corollary of the work is the determination of which of the inputs of production contributes more to economic growth in Nigeria. The study makes use of time series data spanning twenty-nine years using error correction model. The result shows a positive relationship between savings, investment and economic growth in Nigeria. Of the determinants of savings considered in the study, inflation rate contributes negatively to saving, while interest rate positively affect saving. All these confirm economic theory. The striking feature of the study however is the confirmation of the impact of labour on economic growth, which according to the study far outweighs the contribution of capital.</p>

Investigation for the Role of Oil and Natural Gas in the BIST Sector Indexes in Turkey

2021 ◽  
pp. 262-283
Author(s):  
Uğur Uzun ◽  
Zafer Adalı
Keyword(s):  
Natural Gas ◽  
Financial Performance ◽  
Unit Root ◽  
Primary Energy ◽  
Energy Prices ◽  
Long Run ◽  
Natural Gas Prices ◽  
Oil And Natural Gas ◽  
The Relationship

In this chapter, the authors aim to investigate the association between the primary energy sources' prices involving oil and natural gas and sectors indices operating the Turkey stock market for the period covering 2012M1-2021M3. Regarding energy price indicators, Brent oil and natural gas real-time future prices are preferred in the models, and BIST Industrials (XUSIN), BIST Chem-Petrol Plastic (XKMYA), and BIST Electricity (XELKT) indices are used as financial performance indicators. Fourier unit root tests improved by Becker et al. and Fourier co-integration tests improved by Tsong et al. are employed to investigate the relationship between considered variables. As a result of the models, it is found that the energy prices and financial performance index do not move together in the long run; in other words, change in oil and natural gas prices seem not to have an impact on the sector indexes.

A wavelet analysis of the relationship between oil and natural gas prices

2019 ◽  
Vol 60 ◽  
pp. 118-124 ◽  
Author(s):  
Aviral Kumar Tiwari ◽  
Zinnia Mukherjee ◽  
Rangan Gupta ◽  
Mehmet Balcilar
Keyword(s):  
Natural Gas ◽  
Wavelet Analysis ◽  
Natural Gas Prices ◽  
Oil And Natural Gas ◽  
The Relationship

Prospects for the Middle East to end-2016

2016 ◽  
Keyword(s):  
Middle East ◽  
Natural Gas ◽  
North Africa ◽  
Armed Conflicts ◽  
Mena Region ◽  
Content Type ◽  
Natural Gas Prices ◽  
Oil And Natural Gas ◽  
Political Turmoil ◽  
The Impact

Subject Prospects for the Middle East and North Africa to end-2016 Significance The Middle East and North Africa (MENA) region is beset by multiple armed conflicts and security crises, and faces daunting economic challenges as a result of both the widespread political turmoil and the impact of the sharp fall in oil and natural gas prices.

Comparison Between Two-Shaft Simple and Single-Shaft Recuperated Brayton Cycles Using Different Types of Gaseous Fuels

2010 ◽  
Author(s):  
A. K. Malkogianni ◽  
A. Tourlidakis ◽  
A. L. Polyzakis
Keyword(s):  
Natural Gas ◽  
Gas Turbines ◽  
Alternative Fuels ◽  
High Efficiency ◽  
Heating Value ◽  
Gaseous Fuels ◽  
Oil And Natural Gas ◽  
Parametric Studies ◽  
The Impact ◽  
Lower Heating

Geopolitical issues give rise to problems in the smooth and continuous flow of oil and natural gas from the production countries to the consumers’ development countries. In addition, severe environmental issues such as greenhouse gas emissions, eventually guide the consumers to fuels more suitable to the present situation. Alternative fuels such as biogas and coal gas have recently become more attractive because of their benefits, especially for electricity generation. On the other hand, the use of relatively low heating value fuels has a significant effect to the performance parameters of gas turbines. In this paper, the impact of using four fuels with different heating value in the gas turbine performance is simulated. Based on the high efficiency and commercialization criteria, two types of engines are chosen to be simulated: two-shaft simple and single-shaft recuperated cycle gas turbines. The heating values of the four gases investigated, correspond to natural gas and to a series of three gases with gradually lower heating values than that of natural gas. The main conclusions drawn from this design point (DP) and off-design (OD) analysis is that, for a given TET, efficiency increases for both engines when gases with low heating value are used. On the contrary, when power output is kept constant, the use of gases with low heating value will result in a decrease of thermal efficiency. A number of parametric studies are carried out and the effect of operating parameters on performance is assessed. The analysis is performed with customized software, which has been developed for this purpose.

scholarly journals OIL AND NATURAL GAS TRADE BALANCE AND PRODUCTION EFFECTS IN THE EUROPEAN UNION AND BLACK SEA ECONOMIC COOPERATION COUNTRIES

2017 ◽  
Vol 16 (3 (2017)) ◽  
pp. 261-283
Author(s):  
Evangelos Siskos ◽  
Konstantia Darvidou
Keyword(s):  
European Union ◽  
Natural Gas ◽  
Black Sea ◽  
Trade Balance ◽  
Value Added ◽  
Economic Cooperation ◽  
Close Link ◽  
Oil And Natural Gas ◽  
The Impact ◽  
The Eu

Most European Union and Black Sea Economic Cooperation countries are net importers of petroleum and natural gas. Searching for new deposits and construction of new pipelines can improve energy security in the region. The problem is topical for Greece which has a developed refinery industry and needs to improve its trade balance to repay the accumulated external and public debt. Several new pipeline initiatives through Greece can support relations between the EU and BSEC countries. The paper provides previous research review about energy dependency and the effects of trade, production and transportation of hydrocarbons. Next we provide analysis of the effect of the trade on balance of payments in both the EU and BSeC countries. Import dependency of GDP on oil and natural gas is especially large in Malta, Georgia, Ukraine, Serbia and Latvia. On the other hand Russia and Azerbaijan are large net exporters of hydrocarbons. Then we analyse the impact of mining on labour market and refinery industry development. On average larger value added in mining leads to larger employment at least for males and middle age group of people. But the effect largely varies across countries and time periods. Together with construction of new pipelines growth of extraction can result in dozens of thousands of new jobs in Greece. There is a close link between value added in mining and compensation of employees in that industry. We have found evidence that the clustering effect between mining and manufacture of refined petroleum products and coke exists only in some EU countries.

scholarly journals The Impact of Organizational Learning Capability on Product Innovation Performance: Evidence from the Turkish Manufacturing Sector

2016 ◽  
Vol 6 (1) ◽  
pp. 70-84 ◽  
Author(s):  
Özlem Yaşar Uğurlu ◽  
Mustafa Kurt
Keyword(s):  
Organizational Learning ◽  
Empirical Data ◽  
Product Innovation ◽  
Positive Relationship ◽  
Manufacturing Sector ◽  
Innovation Performance ◽  
Learning Capability ◽  
The Impact ◽  
The Relationship

This study aims to examine the effect of organizational learning capability on product innovation performance in the manufacturing sector using empirical data. A survey was conducted with 120 firms that were on the list of Top 1000 Firms of Turkey and registered with the Istanbul Chamber of Industry, to examine the relationship between the dimensions of organizational learning capability and the dimensions of product innovation performance. The findings of the study indicate a positive relationship between organizational learning capability and product innovation performance.

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