Abstract T his paper explains bilateral trade patterns between South Korea and thirteen OPEC member countries over the period 1980-2014 using a gravity model. The estimation results show that the gravity equation fits the data reasonably well. We confirmed the existence of long term relationships between the bilateral trade flows and the main components of gravity model - ...

oil sector is the most effective sector in these countries. oil is the most important product that world industries use as the cheapest energy. the price of oil depends on the world’s supply and demand and many economic, political and geographical variables. this is the reason why the price of oil has fluctuations. the fluctuations in oil price lead to fluctuate in the oil revenues of the membe...

The hybrid process of seawater desalting couples the reverse osmosis with the multi-stage flash process. The hybrid process is usually planned to improve the performance of MSF and reduce the cost of desalted water. Most of the studies on these plants refer to the parameters (both technical and economical) that have been obtained in the countries where desalination processes are in common use. ...

We consider whether a newspaper article count index related to the organization of petroleum exporting countries (OPEC), which rises in response important OPEC meetings and events connected with production levels, contains predictive power for foreign exchange rates G10 countries. The applied Bayesian inference methodology synthesizes wide array established approaches modelling rate dynamics, w...