An Analysis of Oil Production by OPEC Countries: Persistence, Breaks and Outliers

Article, Preprint English OPEN
Carlos Pestana Barros; Luis A. Gil-Alana; James E. Payne;
(2011)
  • Publisher: Centre for EMEA Banking, Finance and Economics, London Metropolitan University
  • Subject: OPEC member countries | dewey330 | :Economía y Empresa [Materias Investigacion] | Oil production
    mesheuropmc: stomatognathic diseases

This study examines the time series behaviour of oil production for OPEC member countries within a fractional integration modelling framework recognizing the potential for structural breaks and outliers. The analysis is undertaken using monthly data from January 1973 to... View more
  • References (2)

    Nelson, C.R. and C.I. Plosser (1982), “Trends and Random Walks in Macroeconomic Time Series”, Journal of Monetary Economics, 10, 139-162.

    Schwarz, G. (1978), “Estimating the Dimension of a Model”, Annals of Statistics, 6, 461- 464.

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