Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/872
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dc.contributor.authorAl Rousan, Sahel-
dc.contributor.authorSbia, Rashid-
dc.contributor.authorTaş, Bedri Kamil Onur-
dc.date.accessioned2019-03-28T13:13:51Z
dc.date.available2019-03-28T13:13:51Z
dc.date.issued2018-09-01
dc.identifier.citationAl Rousan, S., Sbia, R., & Tas, B. K. O. (2018). A dynamic network analysis of the world oil market: Analysis of OPEC and non-OPEC members. Energy Economics, 75, 28-41.en_US
dc.identifier.issn0140-9883
dc.identifier.urihttps://doi.org/10.1016/j.eneco.2018.07.032-
dc.identifier.urihttps://hdl.handle.net/20.500.11851/872-
dc.description.abstractWe characterize the dynamic network structure of major oil producing countries. We examine the oil production coordination of 13 Organization of the Petroleum Exporting Countries (OPEC) and 17 non-OPEC members. We construct the dynamic network structure using the network connectedness measure of Diebold and Yilmaz (2009). We investigate the structural changes in connectedness of OPEC and non-OPEC members. Additionally, we study how the influence of OPEC members, non-OPEC countries and major oil producers evolve. We find that the network structure of major oil-producing countries changes significantly over time. Specifically, the impact of changes in oil-production of all OPEC members on global oil production declines, whereas the impact of non-OPEC on global oil production increases. OPEC's “increase” decisions have a significant and positive impact on OPEC and non-OPEC coordination. However, “cut” decisions do not affect coordination. We find that OPEC countries and developing countries have significantly higher levels of connectedness. Additionally, countries with high oil production levels have significantly more influence. The empirical results provide intuition about the recent developments in global oil production.en_US
dc.language.isoenen_US
dc.publisherElsevier B. V.en_US
dc.relation.ispartofEnergy Economicsen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectOPECen_US
dc.subjectNetworksen_US
dc.subjectCoordinationen_US
dc.subjectGlobal oil productionen_US
dc.titleA Dynamic Network Analysis of the World Oil Market: Analysis of Opec and Non-Opec Membersen_US
dc.typeArticleen_US
dc.departmentFaculties, Faculty of Economics and Administrative Sciences, Department of Economicsen_US
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümütr_TR
dc.identifier.volume75
dc.identifier.startpage28
dc.identifier.endpage41
dc.authorid0000-0001-5418-777X-
dc.identifier.wosWOS:000449891600003en_US
dc.identifier.scopus2-s2.0-85052244731en_US
dc.institutionauthorTaş, Bedri Kamil Onur-
dc.identifier.doi10.1016/j.eneco.2018.07.032-
dc.identifier.doi10.1016/j.eneco.2018.07.032-
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.identifier.scopusqualityQ1-
item.openairetypeArticle-
item.languageiso639-1en-
item.grantfulltextnone-
item.fulltextNo Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
crisitem.author.dept04.01. Department of Economics-
Appears in Collections:İktisat Bölümü / Department of Economics
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection
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