IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v38y2010i2p1098-1107.html
   My bibliography  Save this article

Analysis of oil export dependency of MENA countries: Drivers, trends and prospects

Author

Listed:
  • Bhattacharyya, Subhes C.
  • Blake, Andon

Abstract

The purpose of this paper is to analyse how oil export dependencies of Middle East and North African (MENA) oil producers have evolved over the past two decades and to identify the main driving factors from an energy policy perspective. The paper expresses the oil export dependency of each economy in terms of a multiplicative identity that captures effective export price, export to primary oil supply ratio, oil dependency and oil export intensity of the country. Using the data for 1980-2006, the evolution in these factors is investigated for seven MENA countries and the influence of the above factors is decomposed using the Laspeyres index. The analysis shows that energy price and increasing energy intensity in the MENA countries have influenced the overall oil export dependency. Reducing the energy intensity can improve oil export revenue share to GDP by 5-10% in most of the countries while Iran can gain significantly by increasing its export volume.

Suggested Citation

  • Bhattacharyya, Subhes C. & Blake, Andon, 2010. "Analysis of oil export dependency of MENA countries: Drivers, trends and prospects," Energy Policy, Elsevier, vol. 38(2), pages 1098-1107, February.
    • Handle: RePEc:eee:enepol:v:38:y:2010:i:2:p:1098-1107
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301-4215(09)00821-0
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ang, B. W., 2004. "Decomposition analysis for policymaking in energy:: which is the preferred method?," Energy Policy, Elsevier, vol. 32(9), pages 1131-1139, June.
    2. Eifert, Benn & Gelb, Alan & Borje Tallroth, Nils, 2002. "The political economy of fiscal policy and economic management in oil exporting countries," Policy Research Working Paper Series 2899, The World Bank.
    3. Bhattacharyya, Subhes C. & Blake, Andon, 2009. "Domestic demand for petroleum products in MENA countries," Energy Policy, Elsevier, vol. 37(4), pages 1552-1560, April.
    4. Bhattacharyya, Subhes C., 2009. "Fossil-fuel dependence and vulnerability of electricity generation: Case of selected European countries," Energy Policy, Elsevier, vol. 37(6), pages 2411-2420, June.
    5. International Monetary Fund, 2008. "Portugal: Staff Report for the 2008 Article IV Consultation," IMF Staff Country Reports 2008/323, International Monetary Fund.
    6. Gupta, Eshita, 2008. "Oil vulnerability index of oil-importing countries," Energy Policy, Elsevier, vol. 36(3), pages 1195-1211, March.
    7. Mr. Steven A Barnett & Mr. Rolando Ossowski, 2002. "Operational Aspects of Fiscal Policy in Oil-Producing Countries," IMF Working Papers 2002/177, International Monetary Fund.
    8. Jacques Percebois, 2007. "Energy vulnerability and its management," Post-Print hal-03060922, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gurbanov, Sarvar & Nugent, Jeffrey B. & Mikayilov, Jeyhun, 2017. "Management of Oil Revenues: Has That of Azerbaijan Been Prudent?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 5(2), pages 1-20.
    2. Andrew Curtis & Benjamin McLellan, 2023. "Framework for Assessment of the Economic Vulnerability of Energy-Resource-Exporting Countries," Resources, MDPI, vol. 12(2), pages 1-38, February.
    3. Octavio Escobar, Ulises Neri, Stephan Silvestre, 2020. "Energy policy of fossil fuel–producing countries: does global energy transition matter?," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 17(1), pages 5-30, June.
    4. Fan, Wei & Huang, Shasha & Xu, Yiyin & Zhu, Chunxia & Chen, Jiandong, 2023. "Drivers of global energy export dependency: A decomposition analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 187(C).
    5. Narayan, Seema & Rehman, Mobeen Ur, 2021. "Can home-biased investors diversify interregionally in the long run?," Economic Modelling, Elsevier, vol. 97(C), pages 167-181.
    6. Kharrazi, Ali & Fath, Brian D., 2016. "Measuring global oil trade dependencies: An application of the point-wise mutual information method," Energy Policy, Elsevier, vol. 88(C), pages 271-277.
    7. Mousavi, Babak & Lopez, Neil Stephen A. & Biona, Jose Bienvenido Manuel & Chiu, Anthony S.F. & Blesl, Markus, 2017. "Driving forces of Iran's CO2 emissions from energy consumption: An LMDI decomposition approach," Applied Energy, Elsevier, vol. 206(C), pages 804-814.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Selvakkumaran, Sujeetha & Limmeechokchai, Bundit, 2013. "Energy security and co-benefits of energy efficiency improvement in three Asian countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 491-503.
    2. Drago, Carlo & Gatto, Andrea, 2022. "Policy, regulation effectiveness, and sustainability in the energy sector: A worldwide interval-based composite indicator," Energy Policy, Elsevier, vol. 167(C).
    3. Lan-Cui Liu & Gang Wu, 2015. "Assessment of energy supply vulnerability between China and USA," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 75(2), pages 127-138, February.
    4. Chuang, Ming Chih & Ma, Hwong Wen, 2013. "Energy security and improvements in the function of diversity indices—Taiwan energy supply structure case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 24(C), pages 9-20.
    5. Berk, Istemi & Ediger, Volkan Ş., 2018. "A historical assessment of Turkey’s natural gas import vulnerability," Energy, Elsevier, vol. 145(C), pages 540-547.
    6. Sato, Masahiro & Kharrazi, Ali & Nakayama, Hirofumi & Kraines, Steven & Yarime, Masaru, 2017. "Quantifying the supplier-portfolio diversity of embodied energy: Strategic implications for strengthening energy resilience," Energy Policy, Elsevier, vol. 105(C), pages 41-52.
    7. Reymond, Mathias, 2012. "Measuring vulnerability to shocks in the gas market in South America," Energy Policy, Elsevier, vol. 48(C), pages 754-761.
    8. Cappelli, Federica & Carnazza, Giovanni, 2023. "The Multi-dimensional Oil Dependency Index (MODI) for the European Union," Resources Policy, Elsevier, vol. 82(C).
    9. Edward Hunter Christie & Joseph F. Francois & Waltraut Urban & Franz Wirl, 2010. "China's foreign oil policy: genesis, deployment and selected effects," FIW Research Reports series II-003, FIW.
    10. Mr. Thomas Baunsgaard, 2003. "Fiscal Policy in Nigeria: Any Role for Rules?," IMF Working Papers 2003/155, International Monetary Fund.
    11. Dong, Kangyin & Jiang, Qingzhe & Liu, Yang & Shen, Zhiyang & Vardanyan, Michael, 2024. "Is energy aid allocated fairly? A global energy vulnerability perspective," World Development, Elsevier, vol. 173(C).
    12. Blum, Helcio & Legey, Luiz F.L., 2012. "The challenging economics of energy security: Ensuring energy benefits in support to sustainable development," Energy Economics, Elsevier, vol. 34(6), pages 1982-1989.
    13. Genave, Anna & Blancard, Stéphane & Garabedian, Sabine, 2020. "An assessment of energy vulnerability in Small Island Developing States," Ecological Economics, Elsevier, vol. 171(C).
    14. Song, Yan & Zhang, Ming & Sun, Ruifeng, 2019. "Using a new aggregated indicator to evaluate China's energy security," Energy Policy, Elsevier, vol. 132(C), pages 167-174.
    15. Ediger, Volkan S. & Berk, Istemi, 2011. "Crude oil import policy of Turkey: Historical analysis of determinants and implications since 1968," Energy Policy, Elsevier, vol. 39(4), pages 2132-2142, April.
    16. Cabalu, Helen, 2010. "Indicators of security of natural gas supply in Asia," Energy Policy, Elsevier, vol. 38(1), pages 218-225, January.
    17. Nishijima, Daisuke, 2017. "The role of technology, product lifetime, and energy efficiency in climate mitigation: A case study of air conditioners in Japan," Energy Policy, Elsevier, vol. 104(C), pages 340-347.
    18. Shigemi Kagawa & Yuriko Goto & Sangwon Suh & Keisuke Nansai & Yuki Kudoh, 2012. "Accounting for Changes in Automobile Gasoline Consumption in Japan: 2000–2007," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 1(1), pages 1-27, December.
    19. López-Cálix, José R. & Melo, Alberto & Tinsley, Elaine & Calvo, Sara, 2005. "Creating Fiscal Space for Poverty Reduction in Ecuador: A Fiscal Management and Public Expenditure Review," IDB Publications (Books), Inter-American Development Bank, number 371, November.
    20. Sierra, Jaime Cevallos, 2016. "Estimating road transport fuel consumption in Ecuador," Energy Policy, Elsevier, vol. 92(C), pages 359-368.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:38:y:2010:i:2:p:1098-1107. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.