EN
Losers of the Falling Oil Prices: Changes in Oil Vulnerability in the Oil Exporting Countries
Abstract
The oil market was relatively balanced between 2011 and 2013 at around 100 USD. In the second half of 2014 the sharp decline in oil prices was an unexpected event for most of the market players. The size of price drops justifies an analysis of the oil vulnerability of the most significant net oil exporting countries. In this study many types of trade statistics (export intensity index, terms of trade index, export sensitivity, Herfindahl-Hirschman index), and furthermore the Bennett method are applied to quantify the oil vulnerability of the 14 most important oil exporting nations. It is possible to identify country groups, which enables us to differentiate the applicable economic instruments and make policy recommendations.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
December 1, 2016
Submission Date
December 1, 2016
Acceptance Date
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Published in Issue
Year 2016 Volume: 6 Number: 4
APA
Nagy, Z., & Szep, T. S. (2016). Losers of the Falling Oil Prices: Changes in Oil Vulnerability in the Oil Exporting Countries. International Journal of Energy Economics and Policy, 6(4), 738-752. https://izlik.org/JA26EE55UC
AMA
1.Nagy Z, Szep TS. Losers of the Falling Oil Prices: Changes in Oil Vulnerability in the Oil Exporting Countries. IJEEP. 2016;6(4):738-752. https://izlik.org/JA26EE55UC
Chicago
Nagy, Zoltán, and Tekla Sebestyen Szep. 2016. “Losers of the Falling Oil Prices: Changes in Oil Vulnerability in the Oil Exporting Countries”. International Journal of Energy Economics and Policy 6 (4): 738-52. https://izlik.org/JA26EE55UC.
EndNote
Nagy Z, Szep TS (December 1, 2016) Losers of the Falling Oil Prices: Changes in Oil Vulnerability in the Oil Exporting Countries. International Journal of Energy Economics and Policy 6 4 738–752.
IEEE
[1]Z. Nagy and T. S. Szep, “Losers of the Falling Oil Prices: Changes in Oil Vulnerability in the Oil Exporting Countries”, IJEEP, vol. 6, no. 4, pp. 738–752, Dec. 2016, [Online]. Available: https://izlik.org/JA26EE55UC
ISNAD
Nagy, Zoltán - Szep, Tekla Sebestyen. “Losers of the Falling Oil Prices: Changes in Oil Vulnerability in the Oil Exporting Countries”. International Journal of Energy Economics and Policy 6/4 (December 1, 2016): 738-752. https://izlik.org/JA26EE55UC.
JAMA
1.Nagy Z, Szep TS. Losers of the Falling Oil Prices: Changes in Oil Vulnerability in the Oil Exporting Countries. IJEEP. 2016;6:738–752.
MLA
Nagy, Zoltán, and Tekla Sebestyen Szep. “Losers of the Falling Oil Prices: Changes in Oil Vulnerability in the Oil Exporting Countries”. International Journal of Energy Economics and Policy, vol. 6, no. 4, Dec. 2016, pp. 738-52, https://izlik.org/JA26EE55UC.
Vancouver
1.Zoltán Nagy, Tekla Sebestyen Szep. Losers of the Falling Oil Prices: Changes in Oil Vulnerability in the Oil Exporting Countries. IJEEP [Internet]. 2016 Dec. 1;6(4):738-52. Available from: https://izlik.org/JA26EE55UC