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Fracking, wars and stock market crashes. The price of oil during the great recession.
dc.creator | Garzón Gordón, Antonio José | es |
dc.creator | Hierro Recio, Luis Ángel | es |
dc.date.accessioned | 2019-07-03T11:50:25Z | |
dc.date.available | 2019-07-03T11:50:25Z | |
dc.date.issued | 2018 | |
dc.identifier.citation | Garzón Gordón, A.J. y Hierro Recio, L.Á. (2018). Fracking, wars and stock market crashes. The price of oil during the great recession.. International journal of energy economics and policy, 8 (2), 1-17. | |
dc.identifier.uri | https://hdl.handle.net/11441/87810 | |
dc.description.abstract | This study analyses how oil prices have been affected by three types of events that took place during the Great Recession: the development of fracking, wars in Libya, Syria and Ukraine and the stock market crash of 2008. To do this, we employ co-integration analysis, using a vector error correction model (VECM) for a period spanning August 2007 to August 2016. The principal results obtained are: firstly, that including a variable to represent the increase in production associated to fracking in the US improves the model’s long term estimation, as it embraces a new variable co-integrated in the long term; secondly, that the wars in Libya and Ukraine only influenced prices indirectly, insofar as the former sparked a reduction in OPEC production and the latter an increase in OECD oil reserves, both short term; and thirdly, that the stock market crash of 2008 led to a short- term reduction in oil prices. | es |
dc.format | application/pdf | es |
dc.language.iso | eng | es |
dc.publisher | n Ozturk, Editor-in-Chief, Cag University, Mersin, Turkey. | es |
dc.subject | Great Recession | es |
dc.subject | oil prices | es |
dc.subject | fracking | es |
dc.subject | stock market crash | es |
dc.subject | war | es |
dc.title | Fracking, wars and stock market crashes. The price of oil during the great recession. | es |
dc.type | info:eu-repo/semantics/article | es |
dcterms.identifier | https://ror.org/03yxnpp24 | |
dc.type.version | info:eu-repo/semantics/publishedVersion | es |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | es |
dc.contributor.affiliation | Universidad de Sevilla. Departamento de Economía e Historia Económica | es |
idus.format.extent | 17 p. | es |
dc.journaltitle | International journal of energy economics and policy | es |
dc.publication.volumen | 8 | es |
dc.publication.issue | 2 | es |
dc.publication.initialPage | 1 | es |
dc.publication.endPage | 17 | es |
Ficheros | Tamaño | Formato | Ver | Descripción |
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post-print manuscript.pdf | 600.2Kb | ![]() | Ver/ | |
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