Eurasian Journal of Business and Economics, Volume (6), No (12), Year (2013-12) , Pages (97-112)

Title : ( The Relationship between Major Oil Products Consumption and Efficiency of Industry Sector in Selected Oil Exporting and Importing Countries )

Authors: Ali Akbar Naji Meidani , Mohammad Ali Falahi , seyed mohsen seyed agha hoseini ,

Citation: BibTeX | EndNote

The aim of this study is to investigate the realization of the law of diminishing returns in usage of major oil productsin the industry sector of some oil exporting and importing countries during 2002- 2008. To achieve this aim, in a first stage the efficiency of industry sector of countries has been calculated using DEA window analysis and then in the second stag the existence of an inverted U\' shape relationship between major oil product consumption and efficiency has been tested inthecontext of dynamicpaneldata (GMM) approach. The results confirm this relationship in each group of countries except thatthe turning point in the case of oil importing countries is much higher than oil exporting countries. This firstly suggests that oil dependence in oil importing countries is more than oil exporting countries and secondly indicates that the industry sector of oil importing countries have advanced technology and high scale and capacity so that they can take benefits of oil products consumption without decrease in efficiency.

Keywords

Efficiency; Industry Sector; Oil Products consumption; DEA window analysis; Low of Diminishing Returns; Generalized Method of Moments
برای دانلود از شناسه و رمز عبور پرتال پویا استفاده کنید.

@article{paperid:1039824,
author = {Naji Meidani, Ali Akbar and Falahi, Mohammad Ali and Seyed Agha Hoseini, Seyed Mohsen},
title = {The Relationship between Major Oil Products Consumption and Efficiency of Industry Sector in Selected Oil Exporting and Importing Countries},
journal = {Eurasian Journal of Business and Economics},
year = {2013},
volume = {6},
number = {12},
month = {December},
issn = {1694-5948},
pages = {97--112},
numpages = {15},
keywords = {Efficiency; Industry Sector; Oil Products consumption; DEA window analysis; Low of Diminishing Returns; Generalized Method of Moments (GMM)},
}

[Download]

%0 Journal Article
%T The Relationship between Major Oil Products Consumption and Efficiency of Industry Sector in Selected Oil Exporting and Importing Countries
%A Naji Meidani, Ali Akbar
%A Falahi, Mohammad Ali
%A Seyed Agha Hoseini, Seyed Mohsen
%J Eurasian Journal of Business and Economics
%@ 1694-5948
%D 2013

[Download]