Efficiency of oil-production: the role of institutional factors Cover

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Efficiency of oil-production: the role of institutional factors

Engineering Management in Production and Services

Volume 12 (2020): Issue 4 (December 2020)

By: Olena Chygryn , Oleksii Lyulyov , Tetyana Pimonenko and Saad Mlaabdal

Open Access

|Dec 2020

Figures & Tables

Results of the correlation analysis into the fluctuation between oil production volumes (for EU countries and the world), greenhouse gas emissions, the use of alternative energy sources, the number of patents for oil production and unemploymentNote: OP — volumes of oil production; GHG — greenhouse gas emissions; RE — the share of alternative energy sources; P — number of patents; UN — unemployment rate; * — statistical significance at the level of 1%

Results of the trend analysis in publications related to oil production and institutional environmentSources: elaborated by the authors based on Scopus.

Subject areas in Scopus dealing with the oil industry and institutional environmentSource: elaborated by the authors based on Scopus.

Results of bibliometric analysis of the structural and functional environment for categories of the oil industry and institutional environmentSource: elaborated by the authors based on Scopus.

Dynamics of indicator change: voting rights and accountability in 2000–2018Source: elaborated by the authors based on (Bilan et al., 2019c).

Dynamics the indicator of the quality of the government's regulatory policy in 2000–2018Source: elaborated by the authors based on World Governance Indicators.

Dynamics of the indicator or the control of corruption in 2000–2018Source: elaborated by the authors based on World Governance Indicators.

Public Governance Effectiveness in Ukraine, Russia, Kazakhstan and Uzbekistan in 2016Source: elaborated by the authors base on World Governance Indicators.

Efficiency of government in Ukraine, Russia, Kazakhstan and Uzbekistan in 2017Source: elaborated by the authors based on World Governance Indicators.

Public Governance Effectiveness in Ukraine, Russia, Kazakhstan and Uzbekistan in 2018Source: elaborated by the authors based on World Governance Indicators.

Dynamics of indicators for the effectiveness of public governance in Ukraine in 2016–2018 by key componentsSource: elaborated by the authors based on World Governance Indicators.

Correlations between variables OP1, OP2, ViA, PS, GE, RL

	OP₁	OP₂	ViA	PS	GE	RL
OP₁	1.0000	0.4561 (0.0001)	−0.1593 (0.5147)	0.3484 (0.0000)	−0.3762 (0.1125)	0.0127 (0.9588)
OP₂	0.4561 (0.0001)	1.0000	−0.2110 (0.3859)	0.3476 (0.0002)	−0.4559 (0.0498)	−0.3060 (0.2026)
ViA	−0.1593 (0.5147)	−0.2110 (0.3859)	1.0000	−0.1464 (0.5497)	−0.0138 (0.9552)	0.4578 (0.0487)
PS	0.3484 (0.0000)	0.3476 (0.0002)	−0.1464 (0.5497)	1.0000	−0.644 (0.0029)	−0.1187 (0.6285)
GE	−0.3762 (0.1125)	−0.4559 (0.0498)	−0.0138 (0.9552)	−0.644 (0.0029)	1.0000	0.3326 (0.1641)
RL	0.0127 (0.9588)	−0.3060 (0.2026)	0.4578 (0.0487)	−0.1187 (0.6285)	0.3326 (0.1641)	1.0000

Results of the study into the impact of the institutional environment on the functioning of the national oil-production industry

	Model specification
	ΔCorruption		ΔOP₁		ΔOP₂		ΔViA		ΔPS		ΔGE		ΔRL
	Stat. (Prob.)		Stat. (Prob.)		Stat. (Prob.)		Stat.	Prob.	Stat.	Prob.	Stat.	Prob.	Stat.	Prob.
Corruption	0.12 (0.00)	0.11 (0.00)	–0.16 (0.00)	–0.09 (0.00)	–0.04	0.00	0.04	0.00	–0.03	0.355	0.03	0.00	0.17	0.00
OP₁	1.47 (0.16)	1.34 (0.08)	0.521 (0.00)	0.687 (0.00)	–	–	–0.10	0.14	0.08	0.00	–0.06	0.20	0.06	0.15
OP₂	–0.54 (0.00)	–0.52 (0.00)	–	–	0.490 (0.00)	0.831 (0.00)	–0.98	0.00	0.34	0.72	0.19	0.37	–0.13	0.46
ViA	0.28 (0.00)	0.34 (0.0)	0.30 (0.41)	0.27 (0.44)	0.49 (0.03)	0.64 (0.52)	0.09	0.012	–	–	–	–	–	–
PS	1.25 (0.23)	–	0.23 (0.06)	–	0.13 (0.08)	–	–	–	0.208	0.00	–	–	–	–
GE	–	0.18 (0.00)	–	0.51 (0.18)	–	0.42 (0.06)	–	–	–	–	0.308	0.00	–	–
RL	0.48 (0.92)	0.49 (0.87)	0.32 (0.53)	0.28 (0.48)	–0.15 (0.63)	–0.10 (0.84)	–	–	–	–	–	–	0.07	0.05

AR(2)	(0.209)	(0.312)	(0.311)	(0.291)	(0.243)	(0.218)	(0.149)		(0.178)		(0.269)		(0.117)
Sargan's OIR stat.	(0.967)	(0.341)	(0.237)	(0.414)	(0.220)	(0.145)	(0.136)		(0.180)		(0.213)		(0.385)
Hansen's OIR stat.	(0.782)	(0.492)	(0.623)	(0.625)	(0.618)	(0.713)	(0.487)		(1.00)		(0.503)		(0.578)

DOI: https://doi.org/10.2478/emj-2020-0030 | Journal eISSN: 2543-912X | Journal ISSN: 2543-6597

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Language: English

Page range: 92 - 104

Submitted on: May 30, 2020

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Accepted on: Nov 15, 2020

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Published on: Dec 31, 2020

Published by: Bialystok University of Technology

In partnership with: Paradigm Publishing Services

Publication frequency: 4 issues per year

Keywords:

oil production,

Related subjects:

Business and economics,

Business management,

Transportation, logistics, air traffic, shipping,

Mechanical engineering,

Production technology,

Process engineering and industrial engineering

© 2020 Olena Chygryn, Oleksii Lyulyov, Tetyana Pimonenko, Saad Mlaabdal, published by Bialystok University of Technology
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

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