Brent–Dubai oil spread: Basic drivers

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buir.contributor.authorBerument, M. Hakan
buir.contributor.orcidBerument, M. Hakan|0000-0003-2276-4741
dc.citation.epage505en_US
dc.citation.spage492en_US
dc.citation.volumeNumber72en_US
dc.contributor.authorHaliloğlu, E. H.
dc.contributor.authorŞahin, S.
dc.contributor.authorBerument, M. Hakan
dc.date.accessioned2022-02-09T17:48:00Z
dc.date.available2022-02-09T17:48:00Z
dc.date.issued2021-12
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis study aims to assess and quantify the effects of potential economic drivers on the Brent–Dubai price spread using the time-dependent Kalman filtering technique. To understand the pricing mechanism of crude oils, it is necessary to distinguish the driving forces of the world oil market. The Brent–Dubai price spread is selected as a global indicator representing trends in world oil trade and global economic activities. The estimates suggest that the global economic activities represented by the world trade index, world oil demand, world steel production, the number of world airline passengers and regional dynamics proxied by the growth rate of China over the US and the Euro Area have explanatory power on the Brent–Dubai spread.en_US
dc.embargo.release2023-12-31
dc.identifier.doi10.1016/j.eap.2021.09.014en_US
dc.identifier.issn0313-5926
dc.identifier.urihttp://hdl.handle.net/11693/77192
dc.language.isoEnglishen_US
dc.publisherEconomic Society of Australia Inc.en_US
dc.relation.isversionofhttps://doi.org/10.1016/j.eap.2021.09.014en_US
dc.source.titleEconomic Analysis and Policyen_US
dc.subjectBrent–Dubai oil spreaden_US
dc.subjectGrowth of Chinaen_US
dc.subjectKalman filteren_US
dc.subjectOil demanden_US
dc.subjectTrade indexen_US
dc.titleBrent–Dubai oil spread: Basic driversen_US
dc.title.alternativeBasic driversen_US
dc.typeArticleen_US

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