Alternative Method to Predict the Break-Even Oil Price for Financial Sustainability Goals: Evidence from Algeria under Black-Scholes Model
| المصدر: | مجلة الاقتصاد الصناعي - خزارتك |
|---|---|
| الناشر: | جامعة باتنة 1 الحاج لخضر - كلية العلوم الاقتصادية والتجارية وعلوم التسيير - مخبر الدراسات الاقتصادية للصناعة المحلية |
| المؤلف الرئيسي: | Bentouir, Naima (Author) |
| مؤلفين آخرين: | Bendob, Ali (Co-Author) |
| المجلد/العدد: | مج12, ع2 |
| محكمة: | نعم |
| الدولة: |
الجزائر |
| التاريخ الميلادي: |
2022
|
| الشهر: | ديسمبر |
| الصفحات: | 1 - 23 |
| ISSN: |
1112-7856 |
| رقم MD: | 1350581 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | الإنجليزية |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| كلمات المؤلف المفتاحية: |
Financial Sustainability | Break-Even Price | Options Contract | Public Budget | Hedging
|
| رابط المحتوى: |
الناشر لهذه المادة لم يسمح بإتاحتها. |
| المستخلص: |
We aimed to sort-out an alternative method to predict the Break-even oil price using the benchmark model Black-Sholes. The investigation based on daily oil prices data covering the period of 02/01/2013 to 21/09/2020. The main results highlighted a significant and strong correlation between the fiscal breakeven prices based on the Black-Scholes model and the external breakeven price, with a weak correlation with the IMF’s fiscal breakeven prices, which means that the Black-Scholes model is outperforming to predict the fiscal oil prices in comparison with the IMF method. The findings also indicated a negative correlation between the B-S and the reference prices indicated in Algeria's public budget. |
|---|---|
| ISSN: |
1112-7856 |
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