Energy security and economic performance of the caspian region: how vulnerable is the region to the falling oil price?

Babajide, Nathaniel

Abstract

Given the prime position of oil in Caspian economy, change in oil prices has become a crucial issue with significant implications on the development of the economies in the region. The oil and gas producing states in the Caspian region have experienced meaningful economic growth under high energy prices in the last decade. Now with the recent sudden and precipitous drop in global crude oil prices, this study examines the degree of vulnerability of the Caspian states economy to oil shocks, alongside associated economic and environmental challenges.

Citation

BABAJIDE, N. 2017. Energy security and economic performance of the Caspian region: how vulnerable is the region to the falling oil price? IAEE energy forum [online], 26(1st quarter), pages 53-58. Available from: https://www.iaee.org/documents/2017EnergyForum1qtr.pdf

• Journal Article Type: Article
• Online Publication Date: Feb 9, 2017
• Publication Date: Jan 9, 2017
• Deposit Date: Feb 22, 2024
• Publicly Available Date: May 23, 2024
• Journal: IAEE energy forum
• Electronic ISSN: 1944-3188
• Publisher: International Association for Energy Economics
• Peer Reviewed: Peer Reviewed
• Keywords: Oil prices; Development of economies; Global crude oil; Caspian region; Oil production; Oil consumption; Carbon dioxide emissions
• Public URL: https://rgu-repository.worktribe.com/output/2249872