Total-factor spillovers, similarities, and competitions in the petroleum industry

Binlei Gong ()

Energy Economics, 2018, vol. 73, issue C, 228-238

Abstract: This article investigates multi-dimensional spillovers, similarities, and competitions in the petroleum industry. Spatial techniques are applied first in production function in order to observe the cross-sectional dependence in each of the four dimensions (product-, technology-, segment-, and region-wide). These four single-dimensional spatial models are then aggregated by a model averaging method that assigns weights to different models based on their ability to explain data. Taking all dependences into consideration, this article estimates the total-factor spillovers, similarities, and competitions in the spirit of total-factor productivity. Negative spillover effects are observed in all the four dimensions. Moreover, segment-wide competition has negative effect on productivity. Some policy implications concerning human capital, globalization, and development strategies are also discussed.

Keywords: Petroleum industry; Spatial econometric model; Multi-dimensional dependence; Spillovers, similarities, and competitions (search for similar items in EconPapers)
JEL-codes: C21 D24 L1 L71 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:73:y:2018:i:c:p:228-238

DOI: 10.1016/j.eneco.2018.04.036

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