Farrukh Suvankulov is a Principal Economist in the Canadian Economic Analysis Department at the Bank of Canada. His primary research fields are energy economics, international trade and applied econometrics. Mr. Suvankulov holds a PhD in policy analysis (economics) from the RAND Graduate School as well as a Master of Arts degree in economics from Yale University.
This note investigates the relationship between crude oil prices and investment in the energy sector. We employ a set of vector autoregression (VAR) models (unconstrained VAR, vector error-correction and Bayesian VAR) to formalize the relationship between the West Texas Intermediate (WTI) benchmark and fixed-asset cash spending in the oil and gas extraction and support activities sector of the Canadian economy.
A significant body of empirical studies demonstrates sizable national border effects in foreign trade of Canadian provinces throughout the 1980s and 1990s. This paper revisits and expands the scope of the border effects analysis by estimating the border effect in trade with U.S. states as well as countries in the European Union (EU) and the G 20 using more recent data from 2001–10.
"Price regulation and relative price convergence: Evidence from the retail gasoline market in Canada" (with M. Lau and F. Ogucu), 2012, Energy Policy, 40, p. 325-334.
"Some cautions on the use of nonlinear panel unit root tests: evidence from a modified series-specific non-linear panel unit-root test" (with Lau, M., Y. Su and F.Chau), 2012, Economic modelling , 29 (3), p. 810-816.
"Have firms with better corporate governance fared better during the recent financial crisis in Russia?" (with F. Ogucu), 2012, Applied Economics Letters, 19 (8), p. 769-773.