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What is Oil Economy

Chapter 12
Handbook of Research on Global Issues in Financial Communication and Investment Decision Making
In an oil economy, a considerable part of the country’s economy is funded by the revenues of oil.
Published in Chapter:
Investment Decision Process in Oil Economy for Major Oil Exporting and Importing Countries
Hasan Kurtar (The Scientific and Technological Research Council of Turkey, Turkey), Ayhan Kapusuzoglu (Ankara Yildirim Beyazit University, Turkey), and Nildag Basak Ceylan (Ankara Yildirim Beyazit University, Turkey)
Copyright: © 2019 |Pages: 20
DOI: 10.4018/978-1-5225-9265-5.ch012
Abstract
This chapter examines the economies of four major countries, which are Canada, Japan, Russia, and the U.S., in which two of them are oil importers, Japan and Canada, and two of them are oil exporters, Russia and the U.S. The effect of oil price changes differ owing to the country being an oil exporter or importer. Moreover, it should also be considered that the effect on economies of each country is different as each of the countries has different economic and demographic characters specific to itself. Moreover, it should also be considered in the process of investment analysis.
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