کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5066040 1372339 2008 26 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Does oilrig activity react to oil price changes? An empirical investigation
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
پیش نمایش صفحه اول مقاله
Does oilrig activity react to oil price changes? An empirical investigation
چکیده انگلیسی

In this paper, we analyze how oilrig activity in different non-OPEC regions is affected by the crude oil price. We estimate relationships between oilrig activity and crude oil prices using dynamic regression models augmented with latent components capturing trend and seasonality. The results generally show a positive relationship between oilrig activity and the crude oil price, but the strength of the relationship differs across regions. Overall, there seems to be a clear relationship between the oil industry structure in the region and the oilrig activity's reaction to price changes. On average, the long-run price elasticity for oilrig activity in non-OPEC countries is around unity.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Economics - Volume 30, Issue 2, March 2008, Pages 371-396
نویسندگان
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