The Impact of Low Oil Prices on the Trade Balance of Balkan Countries and their Energy Security

Obadi, Saleh Mothana; Kosír, Igor; Korcek, Matej

doi:10.18488/journal.82.2017.43.20.27

Cited by 5 publications

(6 citation statements)

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“…In the article we have actively used the data and the findings of the paper by Vlahinić and Rosanda (2014), but we renewed the statistical data and added data on consumption and production of energy. The article by Obadi et al (2017) served as a proof to our opinion, that the prices of oil are less significant for the economies of the countries, except for Serbia, than the growth of consumption of energy resources. In this context, the alternative energy development looks as the best option.…”

Section: Literature Reviewmentioning

confidence: 92%

The Prospects of Conventional and Alternative Energy Production in the Countries of the Balkan Peninsula (In the Context of Developing Economic Indicators)

Guliev¹,

Geladze²,

Sokolova³

et al. 2020

IJEEP

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The article is devoted to revealing the main problems and prospects of the energy industry on the Balkan Peninsula. Due to the lack of natural resources and the low ecology standards of current energy production, reforms in the sphere are needed. There are two main approaches to these reforms that are pinpointed by the authors in the article: the development of shale resources, that is cheaper and the development of alternative energy, that is much more eco-friendly. In order to specify the path, that a Balkan country is likely to choose, the countries are divided into groups by geographical conditions and the synthesis of geographical, ecological and energy data results in a complex analysis of the energy production prospects in the region. The authors develop a special index, demonstrating the difficulty of energy production development in the region. Based on this index, the strategies to overcome the problems in the industry are offered. Special attention is payed to grouping the measures for the first and second group of countries, in which they were divided by geographical conditions. The key findings include the mentioned index, the strategies for the countries and the development of financial model of cooperation with international organizations without undermining the fragile peace in the region.

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Section: Literature Reviewmentioning

confidence: 92%

The Prospects of Conventional and Alternative Energy Production in the Countries of the Balkan Peninsula (In the Context of Developing Economic Indicators)

Guliev¹,

Geladze²,

Sokolova³

et al. 2020

IJEEP

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“…Few studies have directly dealt with the effects of oil prices on energy security (Obadi et al , 2017), but given that energy security of countries is affected by energy consumption and energy prices cost-effectiveness. The effects of oil prices on energy security and energy consumption are discussed below.…”

Section: Literature Reviewmentioning

confidence: 99%

“…According to studies, only Obadi et al (2017) studied the effect of oil prices on the trade balance and energy security in the Balkans. The results showed that low oil prices had a positive effect on energy security in crude oil-importing economies, but on the other hand had a negative effect on crude oil exporting economies.…”

Section: Literature Reviewmentioning

confidence: 99%

Oil price shocks on shale oil supply and energy security: a case study of the United States

Kazemzadeh

Shadmehri

Salari

et al. 2022

IJDI

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Purpose The purpose of this study is to examine oil price shocks on US shale oil supply and energy security during the period 2000q1–2020q4. Design/methodology/approach In this study, the Shannon–Wiener index was used to calculate energy security, and then a structural vector autoregression (VAR) was applied to measure the effect of oil price shocks. Findings The results of the variance decomposition indicate that oil prices account for about 20% of changes in US shale oil production, while it explains only about 3% of changes in energy security. Finally, historical decomposition confirms the results of impulse response functions. Originality/value The novelty of this study is that so far, no study has examined the effect of oil price shock on shale oil production and energy security in the USA using the structural VAR model. This study also used the latest Shannon–Wiener index as a measure of energy security in the USA. The reason for selecting this index is that, in addition to considering the share of the total consumption of each primary energy, the share of energy imports from each country as well as the political risk of energy exporting countries to the USA are also included.

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“…The global competitive market encourages improving their performances, capabilities, and competencies in the marketplace to distinguish themselves from the competitors. Furthermore, innovation is an important key factor in achieving high business growth, entering new markets and increasing market share and in attaining competitive advantage (Ceptureanu, 2015;Obadi, Kosir & Korcek 2017).…”

Section: Innovation and Its Importancementioning

confidence: 99%

A Conceptual Study on Contingent Impact of External Integration on Innovation Sme Business Success Relationship

Khairuddin¹,

Qureshi²,

Wahid³

et al. 2019

IJFR

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It is widely acknowledged in the existing studies that innovation has the critical role in firms’ performances. Moreover, it has been acknowledged that innovative activities are the main sources of growth, survivability, and success for SMEs firms. In the setting of entrepreneurship, earlier studies have claimed that innovation is the integrated element of entrepreneurship. However, the existing studies have also revealed inconsistent findings regarding the impacts of innovation on firm’s performances under various contexts. Thus, this study claims that there should be a moderator to facilitate the relationship between innovations and firm’s performances. Therefore, this study has introduced the external integration as a moderator to improve the relationship between types of innovations and firm’s performances. The main objective of the study is to identify the relationship between various types of innovations including process innovation, product innovation, marketing innovation, and organizational innovations and business success operationalized with four dimensions including perceived financial performance, perceived non-financial performance, perceived business growth, and perceived performance relative to competitors) under the moderating role of external integration. Three theories namely Strategic Contingency Theory (SCT), Resource Dependence Theory (RDT), and Resource Based View (RBV) have been integrated to develop the proposed theoretical framework. The recent literature has been taken to gather the information about the variables that helped current study to develop a theoretical frame work and then eight propositions have been developed based on proposed theoretical framework. The external integration as a moderator between innovations and business success is the main theoretical contribution of this study. Furthermore, limitations have been stated at the end and recommendations have been made for future research.

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The Impact of Low Oil Prices on the Trade Balance of Balkan Countries and their Energy Security

Cited by 5 publications

References 0 publications

The Prospects of Conventional and Alternative Energy Production in the Countries of the Balkan Peninsula (In the Context of Developing Economic Indicators)

The Prospects of Conventional and Alternative Energy Production in the Countries of the Balkan Peninsula (In the Context of Developing Economic Indicators)

Oil price shocks on shale oil supply and energy security: a case study of the United States

A Conceptual Study on Contingent Impact of External Integration on Innovation Sme Business Success Relationship

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