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DOI10.1016/j.enpol.2023.113479
Crude oil, international trade and political stability: Do network relations matter?
Cappelli, Federica; Carnazza, Giovanni; Vellucci, Pierluigi
发表日期2023
ISSN0301-4215
EISSN1873-6777
卷号176页码:10
英文摘要The aim of this work is to investigate the different implications in terms of political stability that a high oil dependency has in both oil-exporting and oil-importing countries. We employ network analysis to understand which countries are most connected in the global crude oil trade, and central in the intermediation of the flows. Then, we use this information to estimate the effects of oil dependency on political stability on a panel of 155 countries over the period 1995-2019, by means of a simultaneous-quantile regression model. Our findings corroborate the resource curse hypothesis in relation to oil-exporting countries, especially linking this outcome to the emergence of rent-seeking behaviours. Interestingly, we find that a different type of resource curse hy-pothesis - related to the indirect endowment of oil resources - also affects intermediary countries. As for oil importers, we find that countries that are heavily dependent on oil as the main energy source are largely exposed to geopolitical turmoil and risk to import political instability together with oil.
英文关键词Crude oil; Network analysis; Political instability; instability International trade; Quantile regression
学科领域Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种英语
WOS研究方向Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号WOS:000950074200001
来源期刊ENERGY POLICY
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/272110
作者单位University of Ferrara; University of Pisa; Roma Tre University
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GB/T 7714
Cappelli, Federica,Carnazza, Giovanni,Vellucci, Pierluigi. Crude oil, international trade and political stability: Do network relations matter?[J],2023,176:10.
APA Cappelli, Federica,Carnazza, Giovanni,&Vellucci, Pierluigi.(2023).Crude oil, international trade and political stability: Do network relations matter?.ENERGY POLICY,176,10.
MLA Cappelli, Federica,et al."Crude oil, international trade and political stability: Do network relations matter?".ENERGY POLICY 176(2023):10.
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