On asymmetric causal relationships in Petropolitics | Zendy

Feyza Balan | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

On asymmetric causal relationships in Petropolitics

Author(s) -

Feyza Balan

Publication year - 2016

Publication title -

economic annals

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.148

H-Index - 12

eISSN - 1820-7375

pISSN - 0013-3264

DOI - 10.2298/eka1609007b

Subject(s) - causality (physics) , politics , economics , oil supply , political instability , political stability , monetary economics , political science , law , mechanical engineering , physics , quantum mechanics , engineering

The aim of this paper is to examine whether the First Law of Petropolitics denominated by Friedman in 2006 is valid for OPEC countries. To do this, this paper analyses the relationship between political risk and oil supply by applying the asymmetric panel causality test suggested by Hatemi-J (2011) to these countries for the period 1984-2014. The results show that the First Law of Petropolitics is valid for Angola, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, and the UAE, given that positive oil supply shocks significantly lead to negative political stability shocks, and negative oil supply shocks significantly lead to positive shocks in political stability

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research