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THE INFLUENCE OF THE FINANCIAL MARKET ON THE PRICE OF OIL
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THE INFLUENCE OF THE FINANCIAL MARKET ON THE PRICE OF OIL
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Authors
Ludmila Razumnova  Nikolai Svetlov
ORCID: 0000-0001-6906-6129
Edition
Issue №4
Pages
38-55
Abstract
An econometric model of the dynamics of average annual oil prices with endogenous the classification of years by the saturation of the oil market with speculative capital. Parameters the models are estimated using the maximum entropy method. It is proved that during the period 1977-2007 financial factors dominated the oil price. it the influence had the opposite direction in the conditions of excess and shortage of speculative capital in the oil market.
Keywords
oil price, speculative capital, econometric modeling, maximum entropy method
Date of publication
01.10.2010
Number of purchasers
2
Views
849
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0.0 (0 votes)
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