Full Title: The Emperor Has No Clothes: The Limits of OPEC in the Global Oil Market
Author(s): Jeff Colgan
Publisher(s): American University
Publication Date: March 1, 2013
Full Text: Download Resource
Description (excerpt):
Scholars have long debated the causal impact of international institutions such as the WTO or the IMF. This paper investigates OPEC, an organization that purports to have significant influence over the market for the world’s most important commodity, petroleum. This paper conducts four empirical tests, and finds that OPEC has little or no impact on its members’ production levels.