EXPLORING THE LINKAGE BETWEEN OIL AND GAS SECTOR AND COMPETITIVENESS: A PANEL DATA ANALYSIS FOR THE COUNTRIES OF THE BLACK SEA REGION

The aim of this paper is to investigate the impact that oil and gas sector has on the global competitiveness of the economies of the countries of the Black Sea Region, measured by the Global Competitiveness Index, with the use of unbalanced panel data techniques for the period from 2006 to 2015. Fac...

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Main Author: Ioannis ANTONIADIS
Format: Article
Language:English
Published: University of Pitesti 2017-07-01
Series:Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice
Subjects:
Online Access:http://economic.upit.ro/repec/pdf/2017_1_4.pdf
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author Ioannis ANTONIADIS
author_facet Ioannis ANTONIADIS
author_sort Ioannis ANTONIADIS
collection DOAJ
description The aim of this paper is to investigate the impact that oil and gas sector has on the global competitiveness of the economies of the countries of the Black Sea Region, measured by the Global Competitiveness Index, with the use of unbalanced panel data techniques for the period from 2006 to 2015. Factors concerning oil and gas sector as fuel exports, oil and gas prices, oil rents, and governance are used as independent variables. Both fixed and random effects models are estimated, and the validity of these models is assessed with the use of Hausman test. Our results are discussed and compared to relevant literature concerning other oil and gas producing regions.
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institution Kabale University
issn 1583-1809
2344-4908
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publishDate 2017-07-01
publisher University of Pitesti
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series Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice
spelling doaj-art-a1c065565c95412fa9bc2815bcd4ef1b2025-08-20T03:34:58ZengUniversity of PitestiBuletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice1583-18092344-49082017-07-011613444EXPLORING THE LINKAGE BETWEEN OIL AND GAS SECTOR AND COMPETITIVENESS: A PANEL DATA ANALYSIS FOR THE COUNTRIES OF THE BLACK SEA REGIONIoannis ANTONIADIS0Department of Business Administration, Western Macedonia University of Applied Sciences, GreeceThe aim of this paper is to investigate the impact that oil and gas sector has on the global competitiveness of the economies of the countries of the Black Sea Region, measured by the Global Competitiveness Index, with the use of unbalanced panel data techniques for the period from 2006 to 2015. Factors concerning oil and gas sector as fuel exports, oil and gas prices, oil rents, and governance are used as independent variables. Both fixed and random effects models are estimated, and the validity of these models is assessed with the use of Hausman test. Our results are discussed and compared to relevant literature concerning other oil and gas producing regions.http://economic.upit.ro/repec/pdf/2017_1_4.pdfOil and gas sectorCompetitivenessBlack Sea regionPanel data
spellingShingle Ioannis ANTONIADIS
EXPLORING THE LINKAGE BETWEEN OIL AND GAS SECTOR AND COMPETITIVENESS: A PANEL DATA ANALYSIS FOR THE COUNTRIES OF THE BLACK SEA REGION
Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice
Oil and gas sector
Competitiveness
Black Sea region
Panel data
title EXPLORING THE LINKAGE BETWEEN OIL AND GAS SECTOR AND COMPETITIVENESS: A PANEL DATA ANALYSIS FOR THE COUNTRIES OF THE BLACK SEA REGION
title_full EXPLORING THE LINKAGE BETWEEN OIL AND GAS SECTOR AND COMPETITIVENESS: A PANEL DATA ANALYSIS FOR THE COUNTRIES OF THE BLACK SEA REGION
title_fullStr EXPLORING THE LINKAGE BETWEEN OIL AND GAS SECTOR AND COMPETITIVENESS: A PANEL DATA ANALYSIS FOR THE COUNTRIES OF THE BLACK SEA REGION
title_full_unstemmed EXPLORING THE LINKAGE BETWEEN OIL AND GAS SECTOR AND COMPETITIVENESS: A PANEL DATA ANALYSIS FOR THE COUNTRIES OF THE BLACK SEA REGION
title_short EXPLORING THE LINKAGE BETWEEN OIL AND GAS SECTOR AND COMPETITIVENESS: A PANEL DATA ANALYSIS FOR THE COUNTRIES OF THE BLACK SEA REGION
title_sort exploring the linkage between oil and gas sector and competitiveness a panel data analysis for the countries of the black sea region
topic Oil and gas sector
Competitiveness
Black Sea region
Panel data
url http://economic.upit.ro/repec/pdf/2017_1_4.pdf
work_keys_str_mv AT ioannisantoniadis exploringthelinkagebetweenoilandgassectorandcompetitivenessapaneldataanalysisforthecountriesoftheblacksearegion