Oil | R Documentation |
a cross-section from 1969 to 1992
number of observations : 53
observation : production units
country : United Kingdom
data(Oil)
A dataframe containing :
duration of the appraisal lag in months (time span between discovery of an oil field and beginning of development, i.e. approval of annex B).
size of recoverable reserves in millions of barrels
depth of the sea in metres
size of recoverable gas reserves in billions of cubic feet
equity market value (in 1991 million pounds) of the company operating the oil field
real after–tax oil price measured at time of annex B approval
volatility of the real oil price process measured as the squared recursive standard errors of the regression of codept-pt-1 on a constant
adaptive expectations (with parameter theta=0.97) for the real after–tax oil prices formed at the time of annex B approval
volatility of the adaptive expectations
(with parameter theta=0.97) for real after
tax oil prices measured as the squared
recursive standard errors of the regression
of pt
on pte(theta)
adaptive expectations (with parameter theta=0.98) for the real after–tax oil prices formed at the time of annex B approval
volatility of the adaptive expectations
(with parameter theta=0.98) for real after
tax oil prices measured as the squared
recursive standard errors of the regression
of pt
on pte(theta)
Favero, Carlo A., M. Hashem Pesaran and Sunil Sharma (1994) “A duration model of irreversible oil investment : theory and empirical evidence”, Journal of Applied Econometrics, 9(S), S95–S112.
Journal of Applied Econometrics data archive : http://qed.econ.queensu.ca/jae/.
Index.Source
, Index.Economics
, Index.Econometrics
, Index.Observations