This paper performs an empirical investigation into the relationship between oil price and stock markets returns for seven countries (Kuwait, Oman, UAE, Bahrain, Qatar, UK and USA) by applying the Vector Auto Regression (VAR) analysis. During this period oil prices have tripled creating a substantial cash surplus for the Gulf Cooperation Council (GCC) Countries while simultaneously creating inc...

We examine the effect of oil price fluctuations on democratic institutions over the 1960-2007 period. We also exploit the very persistent response of income to oil price fluctuations to study the effect of persistent (oil price-driven) income shocks on democracy. Our results indicate that countries with greater net oil exports over GDP see improvements in democratic institutions following uptur...

Experimental studies are made on the hemi – cylindrically blunted fins for Mach 2.2 to examine the effect of dimples on shock wave / boundary layer interaction. Flow field details around hemi – cylindrically blunted fin has been captured using oil flow visualization, measurements of static and total pressures and the lambda shock has been captured by shadowgraphy. Configuration indicate nonstar...

Introduction:This study examined the effects of administration of subcutaneous β-estradiol on PTSD-like symptoms (the enhanced conditioned fear response, CFR) that induced by a single-prolonged stress (SPS) and shock in rats. Adult male Wistar rats were exposed to SPS procedure: restraint for 2 h, forced swim for 20 min, and ether anesthesia. Then the rats were placed in fear conditioning syste...

Fiscal federalism theory seeks to establish the optimal organization of a government, confined by certain geographic boundaries. The implications of that theory for the monetary unification process are shortly inquired. The literature measuring the redistribution and stabilization effects of the tax and transfer systems in different monetary unions is surveyed. The prospects of evolution to int...

This paper concerns automotive parts located underneath the engine and in particular the engine oil pan. Classically made of stamped steel or cast aluminum, new developments have allowed the manufacture oil pans with polyamide 66 reinforced by 35% weight of short glass fiber. However, polyamides have some limitations and the most significant is their response to localized impact loading. The na...