Download or read book Economic Consequences of Increasing Oil Prices on the Economic Development Process of the Oil deficit Developing Countries written by Abbas Pourgerami and published by . This book was released on 1982 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Rising Oil Prices on the World Economy written by Lars Matthiessen and published by Springer. This book was released on 1982-06-18 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Higher Oil Prices and the World Economy written by Edward R. Fried and published by Washington : Brookings Institution. This book was released on 1975 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nine economists examine the effect of quadrupled oil prices on the world economy, weigh the merits of the various monetary and fiscal policies adapted in response, and explore how the adjustment problem is likely to change in the future.
Download or read book The Impact of Higher Oil Prices on the Ecconomies of Non oil Developing Countries written by Gordon Lawrence Baird and published by . This book was released on 1987 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economic Impact of the Oil Price Collapse written by United States. Congress. Joint Economic Committee. Subcommittee on Trade, Productivity, and Economic Growth and published by . This book was released on 1986 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Oil Crisis and Economic Adjustments written by Andrew MacKillop and published by Burns & Oates. This book was released on 1983 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Case studies analysing the impact of petroleum price increase and monetary policies for major OECD countries on economic adjustment in petroleum exporting countries (Bangladesh, Sri Lanka, Kenya, Senegal, Peru and Jamaica) - examines commodity Terms of Trade, gross domestic products, current account deficit, external debt, energy consumption, and petroleum product prices; reviews world economic trends, 1970 to 1980, agricultural sector perspectives, and alternative energy source issues in developing countries. Graphs and statistical tables.
Download or read book The Economics of the Oil Crisis written by T.M. Rybczynski and published by Springer. This book was released on 1976-06-18 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Prices and the Global Economy written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2017-01-27 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.
Download or read book Oil Price Shocks and Economic Growth in Oil Exporting Countries written by Amir Sadeghi and published by International Monetary Fund. This book was released on 2017-12-22 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of government size on how output and government expenditure respond to oil price shocks in 28 oil-exporting countries between 1990 and 2016. Results suggest that if the size of government (measured by government expenditure-to-(non-oil) GDP ratio) is larger, non-oil output growth, in response to a positive oil price shock, tends to be greater and output volatility higher. Furthermore, I find that an unexpected increase in oil price leads to expansion in government expenditure and the expansion is larger, the larger is the government. This paper provides empirical evidence for direct correlation between government size and macroecnomic stability in oil-exporting countries. The findings imply that fiscal consolidation and economic diversification help to narrow down economic exposure to exogenous oil price shocks and reduce volatility in non-oil output.
Download or read book The Impact of Rising Oil Prices on Economic Growth in Developing Countries in the Seventies written by Peter Nunnenkamp and published by . This book was released on 1982 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Abundance and Economic Growth written by Elkhan Richard Sadik-Zada and published by Logos Verlag Berlin GmbH. This book was released on 2016-11-07 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the role of oil abundance in economic growth. The major theoretical contribution of the analysis is the transformation of the rentier state theory into the language of mathematical economics. The mathematical formalization of the rentier state theory enables a more sophisticated analytical tool for the assessment of the role of nonrenewable resource revenues in economic growth and institutional dynamics. The embedding of the elements of a rentier state into the labor surplus economy framework leads to grave consequences as reflected in the quantitative part of the survey. The augmented labor surplus economy model shows that both the political economy and the purely economic causes of the resource curse can have similar effects on the resource allocation in the affected nation. Hence, it is not possible to use econometric tools to compartmentalize the effects of the Dutch disease and those explanations based upon political economy. This is the reason why one can only estimate the total growth effects of oil revenues. Besides cross-country panel estimations, a case study of Azerbaijan provides additional insights into petroleum based economic development. These international panel and country specific estimations are partly based on the two sector model of economic growth. In the case of Azerbaijan, a vector error correction model, which is based upon the behavioral model of the equilibrium exchange rate, is applied to detect the Dutch disease tendencies.
Download or read book The Differential Effects of Oil Demand and Supply Shocks on the Global Economy written by Mr.Paul Cashin and published by International Monetary Fund. This book was released on 2012-10-23 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: We employ a set of sign restrictions on the generalized impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2–2011Q2, to discriminate between supply-driven and demand-driven oil-price shocks and to study the time profile of their macroeconomic effects for different countries. The results indicate that the economic consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic activity, and vary for oil-importing countries compared to energy exporters. While oil importers typically face a long-lived fall in economic activity in response to a supply-driven surge in oil prices, the impact is positive for energy-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in our sample experience long-run inflationary pressures and a short-run increase in real output.
Download or read book The U S Oil Supply Revolution and the Global Economy written by Kamiar Mohaddes and published by . This book was released on 2015 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2 to 2011Q2. Set-identification of the U.S. oil supply shock is achieved through imposing dynamic sign restrictions on the impulse responses of the model. The results show that there are considerable heterogeneities in the responses of different countries to a U.S. supply-driven oil price shock, with real GDP increasing in both advanced and emerging market oil-importing economies, output declining in commodity exporters, inflation falling in most countries, and equity prices rising worldwide. Overall, our results suggest that following the U.S. oil revolution, with oil prices falling by 51 percent in the first year, global growth increases by 0.16 to 0.37 percentage points. This is mainly due to an increase in spending by oil importing countries, which exceeds the decline in expenditure by oil exporters. --Abstract.
Download or read book Liberalization in the Process of Economic Development written by Lawrence B. Krause and published by Univ of California Press. This book was released on 2022-09-23 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth in all developing countries is guided, and often accelerated, by generally intrusive policies implemented by governments intent on playing an active role in furthering development. As economies have grown and become more complex, however, even small market distortions are magnified, and the tendency is to rely more heavily on the market for continued growth. In this volume, leading experts in economic development examine the variety of issues that arise as governments in some of the newly industrializing countries of Southeast Asia, such as South Korea, Taiwan, and Singapore, grapple with this difficult process of liberalization. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1991.
Download or read book Oil Debt and Development written by Paul Hallwood and published by . This book was released on 1981 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Prices and Inflation Dynamics Evidence from Advanced and Developing Economies written by Sangyup Choi and published by International Monetary Fund. This book was released on 2017-09-05 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the impact of fluctuations in global oil prices on domestic inflation using an unbalanced panel of 72 advanced and developing economies over the period from 1970 to 2015. We find that a 10 percent increase in global oil inflation increases, on average, domestic inflation by about 0.4 percentage point on impact, with the effect vanishing after two years and being similar between advanced and developing economies. We also find that the effect is asymmetric, with positive oil price shocks having a larger effect than negative ones. The impact of oil price shocks, however, has declined over time due in large part to a better conduct of monetary policy. We further examine the transmission channels of oil price shocks on domestic inflation during the recent decades, by making use of a monthly dataset from 2000 to 2015. The results suggest that the share of transport in the CPI basket and energy subsidies are the most robust factors in explaining cross-country variations in the effects of oil price shocks during the this period.
Download or read book The Impact of Oil Price Shocks on Economic Growth in Middle Income Developing Countries written by Mark E. Hanson and published by . This book was released on 1988 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
