{"id":"https://openalex.org/W2905074026","doi":null,"title":"Correlation of Oil Prices and Gross Domestic Product in Oil Producing Countries","display_name":"Correlation of Oil Prices and Gross Domestic Product in Oil Producing Countries","publication_year":2018,"publication_date":"2018-09-01","ids":{"openalex":"https://openalex.org/W2905074026","mag":"2905074026"},"language":"en","primary_location":{"id":"pmh:oai:oai.econjournals.com:article/6802","doi":null,"is_oa":true,"landing_page_url":"https://econjournals.com/index.php/ijeep/article/view/6802","pdf_url":"https://econjournals.com/index.php/ijeep/article/download/6802/3923","source":{"id":"https://openalex.org/S2764470041","display_name":"International Journal of Energy Economics and Policy","issn_l":"2146-4553","issn":["2146-4553"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","poland-70"],"host_organization":"https://openalex.org/P4310318345","host_organization_name":"EconJournals","host_organization_lineage":["https://openalex.org/P4310318345"],"host_organization_lineage_names":["EconJournals"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2146-4553","raw_type":"info:eu-repo/semantics/article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://econjournals.com/index.php/ijeep/article/download/6802/3923","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5014512565","display_name":"Anthony Msafiri Nyangarika","orcid":"https://orcid.org/0000-0001-9929-2709","observed_orcids":["https://orcid.org/0000-0001-9929-2709"]},"institutions":[{"id":"https://openalex.org/I125839683","display_name":"Beijing Institute of Technology","ror":"https://ror.org/01skt4w74","country_code":"CN","type":"education","lineage":["https://openalex.org/I125839683","https://openalex.org/I890469752"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Anthony Msafiri Nyangarika","raw_affiliation_strings":["School of Management and Economics, Beijing Institute of Technology, Beijing 100081, P.R. China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management and Economics, Beijing Institute of Technology, Beijing 100081, P.R. China","institution_ids":["https://openalex.org/I125839683"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5068252614","display_name":"Alexey Yurievich Mikhaylov","orcid":"https://orcid.org/0000-0003-2478-0307","observed_orcids":["https://orcid.org/0000-0003-2478-0307"]},"institutions":[{"id":"https://openalex.org/I211738395","display_name":"Financial University","ror":"https://ror.org/01hnrbb29","country_code":"RU","type":"education","lineage":["https://openalex.org/I211738395"]}],"countries":["RU"],"is_corresponding":false,"raw_author_name":"Alexey Yurievich Mikhaylov","raw_affiliation_strings":["Department of financial markets and banks, Financial University under the Government of the Russian Federation, Moscow, Russia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of financial markets and banks, Financial University under the Government of the Russian Federation, Moscow, Russia","institution_ids":["https://openalex.org/I211738395"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5102734625","display_name":"Bao-Jun Tang","orcid":"https://orcid.org/0000-0002-9512-8116","observed_orcids":["https://orcid.org/0000-0002-9512-8116"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Bao-jun Tang","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":590,"currency":"USD","value_usd":590},"apc_paid":{"value":590,"currency":"USD","value_usd":590},"fwci":22.4822,"has_fulltext":true,"cited_by_count":126,"citation_normalized_percentile":{"value":0.99426123,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":100},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11823","display_name":"Natural Resources and Economic Development","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12129","display_name":"Global Energy Security and Policy","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/2100","display_name":"General Energy"},"field":{"id":"https://openalex.org/fields/21","display_name":"Energy"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/oil-prices","display_name":"oil prices","score":0.7929999828338623},{"id":"https://openalex.org/keywords/gross-domestic-product","display_name":"gross domestic product","score":0.9599999785423279},{"id":"https://openalex.org/keywords/crude-oil","display_name":"crude oil","score":0.7229999899864197},{"id":"https://openalex.org/keywords/oil-producing-countries","display_name":"oil-producing countries","score":0.7459999918937683},{"id":"https://openalex.org/keywords/saudi-arabia","display_name":"Saudi Arabia","score":0.8450000286102295},{"id":"https://openalex.org/keywords/russia","display_name":"Russia","score":0.9670000076293945},{"id":"https://openalex.org/keywords/oil-price-volatility","display_name":"oil price volatility","score":0.8560000061988831},{"id":"https://openalex.org/keywords/oil-dependence","display_name":"oil dependence","score":0.6679999828338623},{"id":"https://openalex.org/keywords/energy-diversification","display_name":"energy diversification","score":0.7429999709129333},{"id":"https://openalex.org/keywords/oil-price-shocks","display_name":"oil price shocks","score":0.43299999833106995}],"concepts":[{"id":"https://openalex.org/C114350782","wikidata":"https://www.wikidata.org/wiki/Q12638","display_name":"Gross domestic product","level":2,"score":0.5755332708358765},{"id":"https://openalex.org/C90673727","wikidata":"https://www.wikidata.org/wiki/Q901718","display_name":"Product (mathematics)","level":2,"score":0.4625180959701538},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.431303471326828},{"id":"https://openalex.org/C2984556133","wikidata":"https://www.wikidata.org/wiki/Q297279","display_name":"Oil price","level":2,"score":0.4264218807220459},{"id":"https://openalex.org/C48824518","wikidata":"https://www.wikidata.org/wiki/Q396340","display_name":"Agricultural economics","level":1,"score":0.3680156469345093},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.2527187168598175},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.23376956582069397},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.16024768352508545},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.047747403383255005}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:oai.econjournals.com:article/6802","doi":null,"is_oa":true,"landing_page_url":"https://econjournals.com/index.php/ijeep/article/view/6802","pdf_url":"https://econjournals.com/index.php/ijeep/article/download/6802/3923","source":{"id":"https://openalex.org/S2764470041","display_name":"International Journal of Energy Economics and Policy","issn_l":"2146-4553","issn":["2146-4553"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","poland-70"],"host_organization":"https://openalex.org/P4310318345","host_organization_name":"EconJournals","host_organization_lineage":["https://openalex.org/P4310318345"],"host_organization_lineage_names":["EconJournals"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2146-4553","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:eco:journ2:2018-05-6","doi":null,"is_oa":false,"landing_page_url":"https://www.econjournals.com/index.php/ijeep/article/download/6802/3923","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:daca5aedadc44e5cb2808c5fdebea91a","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/daca5aedadc44e5cb2808c5fdebea91a","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Energy Economics and Policy, Vol 8, Iss 5, Pp 42-48 (2018)","raw_type":"article"}],"best_oa_location":{"id":"pmh:oai:oai.econjournals.com:article/6802","doi":null,"is_oa":true,"landing_page_url":"https://econjournals.com/index.php/ijeep/article/view/6802","pdf_url":"https://econjournals.com/index.php/ijeep/article/download/6802/3923","source":{"id":"https://openalex.org/S2764470041","display_name":"International Journal of Energy Economics and Policy","issn_l":"2146-4553","issn":["2146-4553"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","poland-70"],"host_organization":"https://openalex.org/P4310318345","host_organization_name":"EconJournals","host_organization_lineage":["https://openalex.org/P4310318345"],"host_organization_lineage_names":["EconJournals"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2146-4553","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2905074026.pdf","grobid_xml":"https://content.openalex.org/works/W2905074026.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2895476903","https://openalex.org/W2994816788","https://openalex.org/W4408573099","https://openalex.org/W2101999869","https://openalex.org/W7053528500","https://openalex.org/W3013872504","https://openalex.org/W3026890490","https://openalex.org/W7214081652","https://openalex.org/W7046151281","https://openalex.org/W7000367374"],"abstract_inverted_index":{"This":[0],"paper":[1,38],"proposes":[2],"the":[3,8,27,34,40,49,64,71,95,100,104],"degree":[4],"of":[5,10,17,19,30,43,54,66,98],"interdependence":[6],"between":[7,48,74,83],"prices":[9,51,75,84],"crude":[11,31,77],"oil":[12,32,44,50,56,78,119],"and":[13,25,46,52,79,85,91,111],"Gross":[14],"Domestic":[15],"Product":[16],"leading":[18,55],"countries":[20,101],"such":[21],"as":[22,26],"Saudi":[23,92],"Arabia":[24],"main":[28,60],"suppliers":[29],"to":[33,106,116],"world":[35],"market.":[36],"The":[37,59],"examines":[39],"theoretical":[41],"aspects":[42],"pricing":[45],"investigation":[47],"GDP":[53,86],"producing":[57],"countries.":[58],"focus":[61],"was":[62,87],"on":[63],"results":[65],"empirical":[67],"studies,":[68],"which":[69],"showed":[70],"strong":[72],"relationship":[73],"for":[76],"GDP.":[80],"Mutual":[81],"dependence":[82],"observed":[88],"in":[89,118],"Russia":[90],"Arabia.The":[93],"developing":[94],"alternative":[96],"sources":[97],"energy":[99],"will":[102],"make":[103,112],"possibility":[105],"reform":[107],"their":[108],"own":[109],"economy":[110],"them":[113],"less":[114],"vulnerable":[115],"fluctuations":[117],"prices.":[120],"Keywords:":[121],"Oil":[122,127],"price,":[123],"GDP,":[124],"GARCH":[125],"model,":[126],"Impact,":[128],"Forecasting":[129],"JEL":[130],"Classification:":[131],"C51,":[132],"C58,":[133],"F31,":[134],"G12,":[135],"G15":[136]},"counts_by_year":[{"year":2024,"cited_by_count":17},{"year":2023,"cited_by_count":12},{"year":2022,"cited_by_count":35},{"year":2021,"cited_by_count":21},{"year":2020,"cited_by_count":24},{"year":2019,"cited_by_count":16},{"year":2018,"cited_by_count":1}],"updated_date":"2026-10-08T09:06:37.294493","created_date":"2018-12-22T00:00:00"}