Modelling Challenges for the Near Future
... — Geological limits are key for the upward trend in oil prices. — But demand shocks, through higher prices, can increase production. ...
... — Geological limits are key for the upward trend in oil prices. — But demand shocks, through higher prices, can increase production. ...
The Determinants of Crude Oil Prices
... (1) are not stationary in levels but stationary in their first difference, which mean that all the variables are integrated in same order I(1), and therefore can be used in their levels. Table (2) in the appendix, shows the results of cointegration equation (1). All the variables have signs consist ...
... (1) are not stationary in levels but stationary in their first difference, which mean that all the variables are integrated in same order I(1), and therefore can be used in their levels. Table (2) in the appendix, shows the results of cointegration equation (1). All the variables have signs consist ...
The Oil Crisis of 1973 - DigitalCommons@Providence
... through his unprecedented cooperation with countries like China and the Soviet Union, which were traditionally hostile to the United States. In the middle of 1973, Nixon once again became involved in international situations when he authorized American assistance to the Israeli military fighting the ...
... through his unprecedented cooperation with countries like China and the Soviet Union, which were traditionally hostile to the United States. In the middle of 1973, Nixon once again became involved in international situations when he authorized American assistance to the Israeli military fighting the ...
Oil price shocks and their effects on economic activity and prices: an
... research for quite some time. The concern in the measurement of these effects was triggered primarily in the wake of the two political events that took place in the 1970s - the OPEC oil embargo during the Yom Kippur War in 1973 and the Iran/Iraq war in 1979. In the sequence of these events economies ...
... research for quite some time. The concern in the measurement of these effects was triggered primarily in the wake of the two political events that took place in the 1970s - the OPEC oil embargo during the Yom Kippur War in 1973 and the Iran/Iraq war in 1979. In the sequence of these events economies ...
Energy
... Asia, and declined in the developed OECD countries. With oil at around US$80 per barrel, many alternative fuels such as bio-fuel, but also nuclear power and coal, are on the rise. While global energy elasticity has improved, global carbon intensity has deteriorated, driven by higher growth rates in ...
... Asia, and declined in the developed OECD countries. With oil at around US$80 per barrel, many alternative fuels such as bio-fuel, but also nuclear power and coal, are on the rise. While global energy elasticity has improved, global carbon intensity has deteriorated, driven by higher growth rates in ...
Devaluation of the Naira: Implication for Businesses in Nigeria
... growth in China and rising incidence on global terrorism (BH/ISILISIS/Crisis in Middle East/Crisis in Ukraine). Intensification of regional tension amid declining growth in China, Russia, Euro zone, Asia and political upheaval in Egypt, Libya, Ukraine, Syria and Brazil has further compounded the d ...
... growth in China and rising incidence on global terrorism (BH/ISILISIS/Crisis in Middle East/Crisis in Ukraine). Intensification of regional tension amid declining growth in China, Russia, Euro zone, Asia and political upheaval in Egypt, Libya, Ukraine, Syria and Brazil has further compounded the d ...
Estimates of Oil Price Elasticity - International Association for Energy
... The basic equation structure also takes a Cobb-Douglas production function. The economy’s response to three possible price movements is considered: price increases below the historic maximum price, price increases above the historic maximum price as well as price decreases. Three separate slope coef ...
... The basic equation structure also takes a Cobb-Douglas production function. The economy’s response to three possible price movements is considered: price increases below the historic maximum price, price increases above the historic maximum price as well as price decreases. Three separate slope coef ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... India was the fourth-largest consumer of oil and petroleum products after the United States, China, and Japan in 2013, and it was also the fourth-largest net importer of crude oil and petroleum products. The gap between India‘s oil demand and supply is widening, as demand reached nearly 3.7 million ...
... India was the fourth-largest consumer of oil and petroleum products after the United States, China, and Japan in 2013, and it was also the fourth-largest net importer of crude oil and petroleum products. The gap between India‘s oil demand and supply is widening, as demand reached nearly 3.7 million ...
Oil and the Macroeconomy - University of California San Diego
... Another possibility is that the correlation between oil prices and output results from common dependence on some third factor or factors that are the true cause of both the increase in oil prices as well as the subsequent recession, for example, that something about the last stages of an economic ex ...
... Another possibility is that the correlation between oil prices and output results from common dependence on some third factor or factors that are the true cause of both the increase in oil prices as well as the subsequent recession, for example, that something about the last stages of an economic ex ...
US Consumer and Corporate Behavior in a Low Oil Price World
... However, we disagree about timing and believe current expectations about how quickly these impacts will be felt are unreasonable. We believe the most substantial portion of increased consumer spending is likely to become apparent three to four quarters after prices began to decline. This implies tha ...
... However, we disagree about timing and believe current expectations about how quickly these impacts will be felt are unreasonable. We believe the most substantial portion of increased consumer spending is likely to become apparent three to four quarters after prices began to decline. This implies tha ...
NBER WORKING PAPER SERIES James D. Hamilton Working Paper 16186
... mechanism. If the marginal product of labor falls in a particular sector, it can take time before workers relocate to something more productive, during which transition the economy will have some unemployed resources. In my 1988 paper, unemployment could result not just from workers who are in trans ...
... mechanism. If the marginal product of labor falls in a particular sector, it can take time before workers relocate to something more productive, during which transition the economy will have some unemployed resources. In my 1988 paper, unemployment could result not just from workers who are in trans ...
This PDF is a selec on from a published volume... Bureau of Economic Research
... in terms of an exogenous monetary expansion is Chairman Arthur Burns in the 1970s. William Poole looked back at the long history of significant changes in the inflation rate, and clearly there are large changes in relative prices that occur. The prices that move the most are for those goods with ine ...
... in terms of an exogenous monetary expansion is Chairman Arthur Burns in the 1970s. William Poole looked back at the long history of significant changes in the inflation rate, and clearly there are large changes in relative prices that occur. The prices that move the most are for those goods with ine ...
SS7G7a,b - lfmsdevaney
... • Israel has few natural resources and practically no oil at all. • Israel has a highly developed industrial economy so the price of oil has a huge impact on the Israeli economy. • Since they need oil for their industries and do not have any to speak of, Israel has had to find other natural resource ...
... • Israel has few natural resources and practically no oil at all. • Israel has a highly developed industrial economy so the price of oil has a huge impact on the Israeli economy. • Since they need oil for their industries and do not have any to speak of, Israel has had to find other natural resource ...
global recession, oil sector and economic growth in nigeria.
... the oil sector, based on its effects on economic growth in Nigeria. No doubt the global economy has been experiencing some disturbances. Major economies of the world have been affected and so has the major sectors of these economies especially the ones that has a direct bearing with international tr ...
... the oil sector, based on its effects on economic growth in Nigeria. No doubt the global economy has been experiencing some disturbances. Major economies of the world have been affected and so has the major sectors of these economies especially the ones that has a direct bearing with international tr ...
A Study on the Effect of Oil Price Variations on Stock
... general prosperity of the nations. Such proceeds are a component of the country’s national income and could be used through domestic investment and foreign investment over economic development (Mehrara and Haeri, 2008, p. 12). Holding 11 percent of global oil reserves, Iran is considered one of the ...
... general prosperity of the nations. Such proceeds are a component of the country’s national income and could be used through domestic investment and foreign investment over economic development (Mehrara and Haeri, 2008, p. 12). Holding 11 percent of global oil reserves, Iran is considered one of the ...
ppt - Harvard University
... if the price of oil stays at $50 per barrel, – but would go up or down 1% every time the $ price of oil goes up or down 1% relative to $50/barrel. ...
... if the price of oil stays at $50 per barrel, – but would go up or down 1% every time the $ price of oil goes up or down 1% relative to $50/barrel. ...
The U.S. Strategic Petroleum Reserve
... • While oil prices have fallen history teaches we should not expect them to stay there • Indeed oil prices may be even more volatile than in the past. • OPEC countries have for the time being given up their historic role as market stabilizer • Right now OPEC countries have a very narrow margin of sp ...
... • While oil prices have fallen history teaches we should not expect them to stay there • Indeed oil prices may be even more volatile than in the past. • OPEC countries have for the time being given up their historic role as market stabilizer • Right now OPEC countries have a very narrow margin of sp ...
Long-term oil and energy outlook
... have been made to ensure the accuracy of the Content of this presentation, the OPEC Secretariat makes no warranties or representations as to its accuracy, currency or comprehensiveness and assumes no liability or responsibility for any error or omission and/or for any loss arising in connection with ...
... have been made to ensure the accuracy of the Content of this presentation, the OPEC Secretariat makes no warranties or representations as to its accuracy, currency or comprehensiveness and assumes no liability or responsibility for any error or omission and/or for any loss arising in connection with ...
Name - Czech Marketplace
... available. It froze the deduction for domestic manufacturing at 6% for the oil and gas industry, while permitting that deduction to rise to 9% for all other industries. Finally, it extended and increased the excise tax for the Oil Spill Liability Trust Fund. According to industry experts, these chan ...
... available. It froze the deduction for domestic manufacturing at 6% for the oil and gas industry, while permitting that deduction to rise to 9% for all other industries. Finally, it extended and increased the excise tax for the Oil Spill Liability Trust Fund. According to industry experts, these chan ...
Template August 2012
... Technology (too little of it, the end of history) Technology (too much of it, ’automatisation’ -> long term, structural unemployment) Too low investments, private & public (infrastructure) after the financial crisis ...
... Technology (too little of it, the end of history) Technology (too much of it, ’automatisation’ -> long term, structural unemployment) Too low investments, private & public (infrastructure) after the financial crisis ...
OPEC over a barrel
... Why was it that a cartel emerged in oil, but not in other commodities? The dominance of Opec in the oil market was very important. In 1973 Opec acounted for two thirds of non-communist world production of crude oil. This figure in itself understates the dominance of Opec, since the remaining major s ...
... Why was it that a cartel emerged in oil, but not in other commodities? The dominance of Opec in the oil market was very important. In 1973 Opec acounted for two thirds of non-communist world production of crude oil. This figure in itself understates the dominance of Opec, since the remaining major s ...
IMF background note G-8 Energy Ministers Meeting
... increased through the third quarter of 2008 due to increased production by members of the Organization of Petroleum Exporting Countries (OPEC). Non-OPEC production fell once again short of expectation and contracted throughout 2008. OPEC producers started to reduce production in October 2008 in resp ...
... increased through the third quarter of 2008 due to increased production by members of the Organization of Petroleum Exporting Countries (OPEC). Non-OPEC production fell once again short of expectation and contracted throughout 2008. OPEC producers started to reduce production in October 2008 in resp ...
Factual Overview and Perspective
... Other companies interested in bidding for Gulf were ARCO and Standard Oil of California (Socal, also known as Chevron), and a group of Gulf insiders funded by Kohlberg, Kravis and Roberts (KKR). By 5 March, the companies were getting ready to submit their final bids. As this process is competitive, ...
... Other companies interested in bidding for Gulf were ARCO and Standard Oil of California (Socal, also known as Chevron), and a group of Gulf insiders funded by Kohlberg, Kravis and Roberts (KKR). By 5 March, the companies were getting ready to submit their final bids. As this process is competitive, ...
Monetary Policy Report February 2015: Effects of the falling oil price
... Whether the low oil price will be permanent or not is a decisive factor for the effects the fall in oil prices may have on the development of the ...
... Whether the low oil price will be permanent or not is a decisive factor for the effects the fall in oil prices may have on the development of the ...
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.""