Does OPEC Matter? An Econometric Analysis of Oil Prices

By Robert K. Kaufmann, S. Dées, Pavlos V. Karadeloglou, Marcelo Sánchez. 2004

259 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/dea2e50c65fae6f89d23fe3d4ef36fd5811bf219

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Citations in the corpus

Forecasting oil price trends using wavelets and hidden Markov models (2010, background): “Also, Merino and Ortiz (2005) have found that this inventory–price correlation has recently weakened, as the premium sustained by real prices, against those forecasted by the model, shows.”
The role of market fundamentals and speculation in recent price changes for crude oil (2011, background): “Similarly, there is little evidence for strategic considerations by non-OPEC producers (e.g. Kaufmann et al., 2004).”
Diversifying away the Risk of War and Cross-Border Political Crisis (2017, background): “A major shift transpired, in that OPEC changed its policy from defending an official crude oil price to protecting its market share (Kaufmann et al., 2004; Yergin, 2012).”
Oil price volatility and oil-related events: An Internet concern study perspective (2015, background): “[24] indicates that OPEC has considerable power over prices, via decisions about OPEC quotas, production and operable capacity.”
Part I: Externalities and economic policies in road transport (2010, background): “OPEC is an organization that influences production and ultimately prices (Kaufmann, Bradford, Belanger, McLaughlin, & Miki, 2008) via capacity utilisation, production quotas, and the degree to which OPEC production exceeds these quotas (Kaufmann, 2004, p. 81).”
Modelling the world oil market: Assessment of a quarterly econometric model (2007, result): “The signs on the regression coefficients estimated (Table 3) are consistent with previous results described by Kaufmann (1995) and Balabanoff (1995).”