University of Otago Economics Discussion Papers No. 1503 Is New
... where LOIMP is the logarithm of the volume of oil imports, LRGDP is the logarithm of real GDP, LRPOIL is the logarithm of the real price of oil and u is a random error. Equation (1) represents the long-run relationship among the variables and so θ1 is interpreted as the longrun income elasticity and ...
... where LOIMP is the logarithm of the volume of oil imports, LRGDP is the logarithm of real GDP, LRPOIL is the logarithm of the real price of oil and u is a random error. Equation (1) represents the long-run relationship among the variables and so θ1 is interpreted as the longrun income elasticity and ...
Commercial Delivery and Targets for Wood Mackenzie`s Carbon
... • With sluggish economic recovery and supply strength; coal displacement continues to influence the gas market Late 2012 – 2016…Growth Potential • With an increasing call on production as demand growth resumes, there is potential for growing pains as the market transitions from retrenchment to expan ...
... • With sluggish economic recovery and supply strength; coal displacement continues to influence the gas market Late 2012 – 2016…Growth Potential • With an increasing call on production as demand growth resumes, there is potential for growing pains as the market transitions from retrenchment to expan ...
Downlaod File - Prince Mohammad Bin Fahd University
... consensus reached by the Gulf Cooperation Council member states summit in December 2001 in Oman, which envisioned a unified currency by 2010 since a majority of Saudi Arabia’s receipts and payments are in US Dollar (SAMA, 2012, p. 1). A number of disadvantages arise from this arrangement; they inclu ...
... consensus reached by the Gulf Cooperation Council member states summit in December 2001 in Oman, which envisioned a unified currency by 2010 since a majority of Saudi Arabia’s receipts and payments are in US Dollar (SAMA, 2012, p. 1). A number of disadvantages arise from this arrangement; they inclu ...
Chapter 2
... ExxonMobil takes its role as a fuel provider seriously and works hard to ensure a reliable supply of competitively priced gasoline to customers around the world. It's a vital product. Consumers are understandably sensitive to gasoline prices. And, with price signs in many parts of the world on every ...
... ExxonMobil takes its role as a fuel provider seriously and works hard to ensure a reliable supply of competitively priced gasoline to customers around the world. It's a vital product. Consumers are understandably sensitive to gasoline prices. And, with price signs in many parts of the world on every ...
Decline in Oil Prices and the Negative Interest Rate Policy in Japan
... energy prices, especially oil prices, and because the consumption tax rate was raised from 5% to 8%. Following the start of the oil price decline in June 2014 in the global market, general price levels in Japan also started to decline. Oil prices dropped from above $100 per barrel in June 2014 to le ...
... energy prices, especially oil prices, and because the consumption tax rate was raised from 5% to 8%. Following the start of the oil price decline in June 2014 in the global market, general price levels in Japan also started to decline. Oil prices dropped from above $100 per barrel in June 2014 to le ...
The Oil Crisis and its Impact on the Air Cargo Industry
... OECD Europe, and Japan together consume about half of global annual oil output. But during the course of the coming two decades, the developing Asian countries are projected to grow at a rate several times faster than those of the industrialized world. China’s GDP growth is expected to grow at nearl ...
... OECD Europe, and Japan together consume about half of global annual oil output. But during the course of the coming two decades, the developing Asian countries are projected to grow at a rate several times faster than those of the industrialized world. China’s GDP growth is expected to grow at nearl ...
Asymmetric Effects of Oil Prices on the Manufacturing Sector in Turkey
... Understanding the nature of the relationship between oil price and real output has been an issue of concern to both policymakers and researchers in the recent decades. While numerous studies have achieved remarkable progress in explaining the dynamics for the U.S. and other developed economies1 , th ...
... Understanding the nature of the relationship between oil price and real output has been an issue of concern to both policymakers and researchers in the recent decades. While numerous studies have achieved remarkable progress in explaining the dynamics for the U.S. and other developed economies1 , th ...
Appendices. - Harvard University
... Procyclical capital flows Procyclical monetary policy Procyclical fiscal policy. ...
... Procyclical capital flows Procyclical monetary policy Procyclical fiscal policy. ...
Paper published in Journal of Global Commerce Research, 2(3) and... Annual International
... theory received considerable discussion through the 1970s as an explanation and justification for oil price increases (Heal and Chichilnisky 1991). The other cluster of oil market models were based on a system dynamic approach to modeling. One of the earlier works was the Club of Rome study which fo ...
... theory received considerable discussion through the 1970s as an explanation and justification for oil price increases (Heal and Chichilnisky 1991). The other cluster of oil market models were based on a system dynamic approach to modeling. One of the earlier works was the Club of Rome study which fo ...
Happy new … investment strategy!
... parties are likely to win more than 3% of the vote and enter parliament, but only the PanHellenic Socialist Movement (Pasok) and a new centre-left party To Potami (The River) look like possible partners. Negotiations will be difficult. Moreover, the two-month extension to Greece’s bail-out expires a ...
... parties are likely to win more than 3% of the vote and enter parliament, but only the PanHellenic Socialist Movement (Pasok) and a new centre-left party To Potami (The River) look like possible partners. Negotiations will be difficult. Moreover, the two-month extension to Greece’s bail-out expires a ...
18 Billion Barrels Prospective Oil Offshore Namibia
... seismic library, to leading edge geophysical expertise and to 85 subsurface specialists distributed in around the world. ...
... seismic library, to leading edge geophysical expertise and to 85 subsurface specialists distributed in around the world. ...
predatory foreign investment and domestic energy
... Investments and acquisitions that could result in foreign control of U.S. businesses are monitored by the Committee on Foreign Investment in the United States (CFIUS), an interagency committee charged with monitoring the nationalsecurity implications of those changes in control.12 Chaired by the tre ...
... Investments and acquisitions that could result in foreign control of U.S. businesses are monitored by the Committee on Foreign Investment in the United States (CFIUS), an interagency committee charged with monitoring the nationalsecurity implications of those changes in control.12 Chaired by the tre ...
The Trade-off between dollar value and oil price on
... starting from 1970. Since, change in oil revenues is primarily driven by three key variables i.e. change in oil price, volumes and dollar index, we have provided a graphical representation of % change in oil revenues impacted by % change in the above mentioned variables. Our analysis for data betwee ...
... starting from 1970. Since, change in oil revenues is primarily driven by three key variables i.e. change in oil price, volumes and dollar index, we have provided a graphical representation of % change in oil revenues impacted by % change in the above mentioned variables. Our analysis for data betwee ...
The ups and downs of high- yield bonds
... The oil price slide raised concerns first about the financial health of domestic energy producers, many of which issued high-yield bonds to fund an ambitious expansion in shale deposits in North Dakota, Texas and Pennsylvania. The price decline spread across the high-yield market to other energy com ...
... The oil price slide raised concerns first about the financial health of domestic energy producers, many of which issued high-yield bonds to fund an ambitious expansion in shale deposits in North Dakota, Texas and Pennsylvania. The price decline spread across the high-yield market to other energy com ...
Economic outlook gloomy, risks to south by
... financial institutions. But their monetary policies diverge more than ever. The US Federal Reserve has been very aggressive in cutting policy rates, whereas other central banks have been much more timid, and some, including the European Central Bank and the central banks of a number of emerging-mark ...
... financial institutions. But their monetary policies diverge more than ever. The US Federal Reserve has been very aggressive in cutting policy rates, whereas other central banks have been much more timid, and some, including the European Central Bank and the central banks of a number of emerging-mark ...
Relationship between oil revenues and government expenditure
... efficiency management. On the other hand increasing the government spending, the direct and indirect, aggregate demand will increase greatly the community and with regard to structural bottlenecks, which has supplied goods and services, the gap between demand and supply in large community and will i ...
... efficiency management. On the other hand increasing the government spending, the direct and indirect, aggregate demand will increase greatly the community and with regard to structural bottlenecks, which has supplied goods and services, the gap between demand and supply in large community and will i ...
What is an oil shock? Panel data evidence
... evidence of nonlinearity is observed for European countries as well as U.S.A. while there are significant differences among some of the countries. Jiménez-Rodriguez and Sánchez (2005) carried out multivariate VAR analysis using both linear and non-linear models for main industrialized countries and f ...
... evidence of nonlinearity is observed for European countries as well as U.S.A. while there are significant differences among some of the countries. Jiménez-Rodriguez and Sánchez (2005) carried out multivariate VAR analysis using both linear and non-linear models for main industrialized countries and f ...
““The U.S. will be energy self- sufficient by 2035 on shale. Energy
... quickly, producing little more than half as much oil in its the second year of production as in the first. The energy companies try to get as much oil as they can, as fast as they can, and then everyone leaves when the play is exhausted. “When the industry goes south, and it will go south,” Dan Kali ...
... quickly, producing little more than half as much oil in its the second year of production as in the first. The energy companies try to get as much oil as they can, as fast as they can, and then everyone leaves when the play is exhausted. “When the industry goes south, and it will go south,” Dan Kali ...
Crude oil prices and Pakistani Rupee
... mainly from Middle East countries (Saudi Arab in playing the leading role). About 44 Percent of export earning is spent on oil imports during 2006-07. This percentage was only 27 percent in 2004-05. And this is continues to rise. The increase in international oil prices has a direct impact on the ec ...
... mainly from Middle East countries (Saudi Arab in playing the leading role). About 44 Percent of export earning is spent on oil imports during 2006-07. This percentage was only 27 percent in 2004-05. And this is continues to rise. The increase in international oil prices has a direct impact on the ec ...
1. The United States, Canada, and the World: Outlook and
... This unusually large price decline mainly reflects higher-than-expected supply from both Organization of the Petroleum Exporting Countries and other oil producers, as well as weaker-than-expected economic activity and oil demand (especially in some emerging markets). A lower oil price, by itself, sh ...
... This unusually large price decline mainly reflects higher-than-expected supply from both Organization of the Petroleum Exporting Countries and other oil producers, as well as weaker-than-expected economic activity and oil demand (especially in some emerging markets). A lower oil price, by itself, sh ...
Oil Shocks and Economic Growth in OPEC countries
... some pioneer researches (Rasche and Tatom, 1977, 1981; Darby 1982; Hamilton, 1983; Burbidge and Harrison, 1984 ; Santini, 1985; Gisser and Goodwin, 1986) has been studied the relationship between oi ...
... some pioneer researches (Rasche and Tatom, 1977, 1981; Darby 1982; Hamilton, 1983; Burbidge and Harrison, 1984 ; Santini, 1985; Gisser and Goodwin, 1986) has been studied the relationship between oi ...
the geopolitics of oil and gas: the role of latin america
... Other countries, within specific aspects, are relatively relevant, but appear on a different level than the five mentioned above. Peru has an attractive regulatory framework based on concessions and a relevant natural gas production, including a liquefaction terminal for exporting LNG through the Pa ...
... Other countries, within specific aspects, are relatively relevant, but appear on a different level than the five mentioned above. Peru has an attractive regulatory framework based on concessions and a relevant natural gas production, including a liquefaction terminal for exporting LNG through the Pa ...
1973 oil crisis
The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC, consisting of the Arab members of the OPEC plus Egypt and Syria) proclaimed an oil embargo. By the end of the embargo in March 1974, the price of oil had risen from $3 per barrel to nearly $12. The oil crisis, or ""shock"", had many short-term and long-term effects on global politics and the global economy. It was later called the ""first oil shock"", followed by the 1979 oil crisis, termed the ""second oil shock.""