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Opec behavior: an alternative view

James M. Griffin, +1 more
- pp 74-103
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The article was published on 2016-03-02 and is currently open access. It has received 17 citations till now.

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The Emperor Has No Clothes: The Limits of OPEC in the Global Oil Market

TL;DR: This article argued that most of the conventional wisdom about OPEC is wrong and pointed out that OPEC rarely if ever influences the oil production rate in its member states, except under rare conditions, such as the 1973 oil crisis.
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Oil prices and the global economy: Is it different this time around?

TL;DR: In this paper, the effects of low oil prices on the US economy over different sub-periods using monthly observations on real oil prices, real equity prices and real dividends were examined.
Journal ArticleDOI

Do OPEC announcements influence oil prices

TL;DR: In this paper, the effect of OPEC production decisions (increase, cut, maintain) on both WTI and Brent crude oil prices between Q1 1991 and Q1 2015 by employing the event study methodology and by using two indices as benchmarks (BCI and S&P GSCI).
Journal ArticleDOI

Oil Prices and the Global Economy: Is it Different this Time Around?

TL;DR: In this paper, the effects of low oil prices on the US economy over different sub-periods using monthly observations on real oil prices, real equity prices and real dividends were examined.
Journal ArticleDOI

Oil price volatility, financial institutions and economic growth

TL;DR: This article used a cross-sectionally augmented autoregressive distributed lag model with data on 30 oil-producing countries over the period 1980-2016, and confirm that the effects of oil volatility on growth is mitigated with better financial institutions.