This research pressures to export demand of opec crude oil. It concern primarily on the impact of price oil shock toward OPEC crude oil export. Ordinary Least Square (OLS) is not proven accurately to analyze volatile phenomenon of OPEC export demand of crude oil. Otherwise, General Autoregressive Conditional Heteroskedastic (GARH) and specifically Exponential GARCH give practical and logical model to be applied. It shows that structural break occur in price oil variable and then impact to volatile of crude oil export. Several important world events create structural break and this âbad newsâ has significant impact to instability of oil price. This result gives also that nominal crude oil price adjusted for exchange rates and demand export of Non-OPEC crude oil have negative impact, and OPEC proven crude oil reserve and Exports of refined products by OPEC have positive impact to OPEC crude oil export. Â Keywords: crude oil price, structural break, export demand, GARCH and EGARCH
Published by | Universitas Jenderal Soedirman |
Journal Name | EKO-REGIONAL JURNAL PENGEMBANGAN EKONOMI WILAYAH |
Contact Phone | - |
Contact Name | Istiqomah |
Contact Email | ekoregionalunsoed@gmail.com |
Location | Kab. banyumas, Jawa tengah INDONESIA |
Website | eko-regional| http://jp.feb.unsoed.ac.id/index.php/eko-regional| |
ISSN | ISSN : 19076827, EISSN : 26208849, DOI : -, |
Core Subject | Economy, |
Meta Subject | Economics, Econometrics & Finance, |
Meta Desc | EKO-REGIONAL Jurnal Pembangunan Ekonomi Wilayah (Journal of Regional Economic Development) is a scientific journal containing research results on regional economics, tourism economics, geographical economics, natural resource economics, SMEs development, and local economic development. The journal is published by the Department of Economics and Development Studies, Faculty of Economics and Business, Universitas Jenderal Soedirman in cooperation with Ikatan Sarjana Ekonomi Indonesia (ISEI) Purwokerto branch. |
Penulis | Ahmad, Abdul Aziz |
Publisher Article | Jurusan Ilmu Ekonomi dan Studi Pembangunan Universitas Jenderal Soedirman |
Subtitle Article | EKO-REGIONAL Vol 2, No 1 (2007) |
Scholar Google | http://scholar.google.com/scholar?q=%2Bintitle%3A&… |
View Article | http://jp.feb.unsoed.ac.id/ind… |
DOI | https://doi.org/10.20884/1.erjpe.20… |
DOI Number | DOI: 10.20884/1.erjpe.2007.2.1.389 |
Download Article [1] | http://jp.feb.unsoed.ac.id/index.php/eko… |
Download Article [2] | http://download.garuda.ristekdikti.go.id… |
Informasi yang terkait dengan Pengaruh Fluktuasi Harga Minyak pada Ekspor Minyak Mentah Negara Negara Wilayah OPEC (Periode 1970 â?? 2005)
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