{"title":"欧佩克会影响原油价格吗?:协整检验和因果关系检验","authors":"Khalid M. Kisswani","doi":"10.17256/jer.2015.20.2.004","DOIUrl":null,"url":null,"abstract":"In this paper we use annual data from 1970-2012 to test the effect of OPEC production on oil prices through three different data structures. We use Engle and Granger, and Johansen and Pedroni cointegration tests to study the long-run relation between OPEC production and oil prices, besides applying Granger causality and Toda and Yamamoto tests to check the causality between the series. The findings show that OPEC production does not manipulate oil prices at the country-by-country and pooled levels, however, the effect is confirmed for OPEC acting as a cohesive entity. Moreover, the results show that OPEC production does not cause oil prices at the country-by-country and pooled levels as well.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"2 1","pages":"231-255"},"PeriodicalIF":0.0000,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":"{\"title\":\"Does OPEC influence crude oil prices?: Testing for cointegration and causality effect\",\"authors\":\"Khalid M. Kisswani\",\"doi\":\"10.17256/jer.2015.20.2.004\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In this paper we use annual data from 1970-2012 to test the effect of OPEC production on oil prices through three different data structures. We use Engle and Granger, and Johansen and Pedroni cointegration tests to study the long-run relation between OPEC production and oil prices, besides applying Granger causality and Toda and Yamamoto tests to check the causality between the series. The findings show that OPEC production does not manipulate oil prices at the country-by-country and pooled levels, however, the effect is confirmed for OPEC acting as a cohesive entity. Moreover, the results show that OPEC production does not cause oil prices at the country-by-country and pooled levels as well.\",\"PeriodicalId\":90860,\"journal\":{\"name\":\"International journal of economic research\",\"volume\":\"2 1\",\"pages\":\"231-255\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2015-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"5\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International journal of economic research\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.17256/jer.2015.20.2.004\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International journal of economic research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.17256/jer.2015.20.2.004","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Does OPEC influence crude oil prices?: Testing for cointegration and causality effect
In this paper we use annual data from 1970-2012 to test the effect of OPEC production on oil prices through three different data structures. We use Engle and Granger, and Johansen and Pedroni cointegration tests to study the long-run relation between OPEC production and oil prices, besides applying Granger causality and Toda and Yamamoto tests to check the causality between the series. The findings show that OPEC production does not manipulate oil prices at the country-by-country and pooled levels, however, the effect is confirmed for OPEC acting as a cohesive entity. Moreover, the results show that OPEC production does not cause oil prices at the country-by-country and pooled levels as well.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
