Alternative method to predict the break-even oil price for financial sustainability goals : evidence from Algeria under black-Scholes model

Joint Authors

Source

Issue

Vol. 12, Issue 2 (31 Dec. 2022), pp.1-23, 23 p.

Publisher

Université Batna 1 Hadj Lakhdar Faculté des Sciences Economiques Commerciales et des Sciences de Gestion Laboratoire des Etudes Economiques de l’industrie Locale

Publication Date

2022-12-31

Country of Publication

Algeria

No. of Pages

Main Subjects

Economy and Commerce

Topics

Abstract EN

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

American Psychological Association (APA)

Bin Tuir, Nuaymah& Bin Dub, Ali. 2022. Alternative method to predict the break-even oil price for financial sustainability goals : evidence from Algeria under black-Scholes model. Revue de l'economie Industrielle،Vol. 12, no. 2, pp.1-23.
https://search.emarefa.net/detail/BIM-1468796

Modern Language Association (MLA)

Bin Tuir, Nuaymah& Bin Dub, Ali. Alternative method to predict the break-even oil price for financial sustainability goals : evidence from Algeria under black-Scholes model. Revue de l'economie Industrielle Vol. 12, no. 2 (Dec. 2022), pp.1-23.
https://search.emarefa.net/detail/BIM-1468796

American Medical Association (AMA)

Bin Tuir, Nuaymah& Bin Dub, Ali. Alternative method to predict the break-even oil price for financial sustainability goals : evidence from Algeria under black-Scholes model. Revue de l'economie Industrielle. 2022. Vol. 12, no. 2, pp.1-23.
https://search.emarefa.net/detail/BIM-1468796