Relationship Between Economic Growth and Oil Production in Emerging Countries for the Period 2020-2050

Leovardo Mata Mata; Jaime Humberto Beltran Godoy

doi:10.1007/978-981-19-4695-0_7

Relationship Between Economic Growth and Oil Production in Emerging Countries for the Period 2020-2050

Leovardo Mata Mata, Jaime Humberto Beltran Godoy

Universidad Anáhuac México

Universidad Anáhuac

Producción científica: Capítulo del libro/informe/acta de congreso › Capítulo › revisión exhaustiva

1 Cita (Scopus)

Resumen

An algorithm of dynamic programming in Montecarlo simulation is devel-oped to analyze the international oil market towards the year 2050. The leading oil exporters are considered, and it is found that the positive relationship between economic growth and oil production will go decreasing. The model suggests that the combination of renewable energies, oil, natural gas, and others will be the variable that will influence economic growth, where oil will no longer be the main actor.

Idioma original	Inglés
Título de la publicación alojada	Data Analytics Applications in Emerging Markets
Editorial	Springer Nature
Páginas	131-144
Número de páginas	14
ISBN (versión digital)	9789811946950
ISBN (versión impresa)	9789811946943
DOI	https://doi.org/10.1007/978-981-19-4695-0_7
Estado	Publicada - 1 ene 2022

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Relationship Between Economic Growth and Oil Production in Emerging Countries for the Period 2020-2050

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