Quantification of Oil Price Uncertainty in Economic Evaluation Using Sequential Gaussian Simulation

2006 ◽  
Vol 24 (8) ◽  
pp. 943-962 ◽  
Author(s):  
Jay C. Holmes ◽  
Ashish V. Mendjoge ◽  
Duane A. McVay
Keyword(s):  
Economic Evaluation ◽  
Oil Price ◽  
Sequential Gaussian Simulation ◽  
Price Uncertainty ◽  
Gaussian Simulation

scholarly journals Oil Price Uncertainty, Globalization, and Total Factor Productivity: Evidence from the European Union

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3429
Author(s):  
Svetlana Balashova ◽  
Apostolos Serletis
Keyword(s):  
European Union ◽  
Total Factor Productivity ◽  
New Technologies ◽  
Innovation System ◽  
Price Volatility ◽  
Oil Price ◽  
Price Uncertainty ◽  
The European Union ◽  
Factor Productivity ◽  
Tfp Growth

This paper uncovers linkages between oil price uncertainty, total factor productivity (TFP) growth, and critical indicators of knowledge production and spillovers. It contributes to the literature by investigating the effects of oil price volatility on TFP growth, controlling for two different channels for TFP growth; benefits from the quality of the national innovation system and from adopting new technologies. We use an unbalanced panel for 28 European Union countries for the period from 1990 to 2018. We find that oil price uncertainty has a negative and statistically significant effect on TFP growth, even after we control for technological advancements and the effects of globalization. We also find that the scale of research and innovation and international trade are positive contributors to TFP growth.

Financial stress, economic policy uncertainty, and oil price uncertainty

2021 ◽  
pp. 105686
Author(s):  
George N. Apostolakis ◽  
Christos Floros ◽  
Konstantinos Gkillas ◽  
Mark Wohar
Keyword(s):  
Economic Policy ◽  
Financial Stress ◽  
Oil Price ◽  
Policy Uncertainty ◽  
Price Uncertainty ◽  
Economic Policy Uncertainty
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