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Showing 2 results for Political Risk

Ali Takroosta, Parisa Mohajeri, Taymour Mohammadi, Abbas Shakeri , Abdoulrasoul Ghasemi ,
Volume 10, Issue 37 (10-2019)
Abstract

Oil price wild fluctuations impact the economies of developing countries as well as those of developed ones. Focusing on OPEC’s political risks as a proxy of precautionary demand, this study aims to disentangle oil price factors using an SVAR approach for 1994Q1 to 2016Q4. We disentangled oil price shocks into political risks, supplies, global demand for industrial goods and other oil price shocks. Our results highlight that shocks originated from different sources affect oil prices differently in terms of both their lifetime and directions. Besides, it is revealed that the structure of oil market has changed due to the 2008 financial crisis, increased oil price fluctuations, changes in OPEC’s behaviour and accordingly its market power, and the advent of new shale oil technologies, thus affecting oil price sensitivities. Therefore, we found out that OPEC’s political risks affected oil markets way more significantly in 2008-2016.

Abolfazl Shahabadi, Marzieh Jafari Ghazvinian, Samineh Ghasemifar,
Volume 12, Issue 46 (12-2021)
Abstract

Development of the entrepreneurship space by helping to nurture entrepreneurs and increase the attitudes, abilities and aspirstions for entrepreneurship has a positive effect on the economic and social growth of societies. Because entrepreneurship is a source of innovation, employment, and economic growth and development. Therefore, determine the factors affecting of the entrepreneurship space is important in the economics and management disciplines. In this regard, the present study attempted to investigate the interactive impact of risk institution including political, economic and financial risks and abundance of natural resources on entrepreneurship space in resource-rich selected countries during the period 2014-2018. In order to achieve this goal, the research model was estimated using panel data approach and generalized moment method in two groups of countries. The results showed that the individual impact of political, economic and financial risks and the abundance of natural resources on the entrepreneurship space in the selected countries were negative and significant. Also, the interactive impact of political, economic and financial risks with the abundance of natural resources on the entrepreneurship space in the selected countries is negative and significant. However, the estimated coefficient of their interactive impact is larger than the estimated coefficient of their individual impact. Also, the impact of control variables gender gap and unemployment rate on the entrepreneurship space is negative and significant, and the impact of intellectual property rights on the entrepreneurship space is positive and significant.


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