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Relationship between oil revenues and government expenditure
Relationship between oil revenues and government expenditure

... has not only decreased but also in many cases even increased. Therefore global oil price changes on the overall government policy have had a significant impact.Should be noted that the share of construction costs and current funding ratio is more important than the government investment rate shows. ...
Country Resource Maps - Anglia Ruskin University
Country Resource Maps - Anglia Ruskin University

... The uneven distribution of natural resources globally is relevant both to national political stability and therefore to global international relations. A country’s access to natural resources, such as fossil fuels and water, is influenced by both physical and geopolitical issues As the 2007-2008 com ...
The Global Benefits of Low Oil Prices: More Than
The Global Benefits of Low Oil Prices: More Than

... Governments in emerging markets captured some of the benefits: In some countries, gasoline subsidies were reduced, while in others, gasoline prices have responded only partially, given their government-regulated nature. 6 The fall in oil prices has therefore ...
Factor 10 Manifesto - Factor 10 Institute
Factor 10 Manifesto - Factor 10 Institute

... several liters of distilled water, and a lawn can be sniffed out if sufficient sand is spread over it. There are many millions of very hungry people on this earth who are driven from their land by moving sand dunes. Any drastic dematerialization of an economy will lower the exposure potential to nat ...
Climate Finance – Curse or Blessing?
Climate Finance – Curse or Blessing?

... (1995), Gylfason et al. (1999), Papyrakis and Gerlagh (2003). Collier and Goderies (2007) etc. ...
Full Text - International Journal of Business and Social Science
Full Text - International Journal of Business and Social Science

... country's most important resources were oil and natural gas reserves which settled in Caspian Sea. Therefore, in order to achieve economic targets Caspian energy resources must have been used in the most effective way and it was so. After 1994, from the political and social aspects for restructuring ...
qqch12as - Harper College
qqch12as - Harper College

... D. presumes that changes in wages and other resource prices match changes in the price level. 2. The aggregate supply curve (short-run) is upsloping because: A. wages and other resource prices match changes in the price level. B. the price level is flexible upward but inflexible downward. C. per-uni ...
qqch12asanswers
qqch12asanswers

The over dependency of Libya on oil revenue: Economic vulnerability:
The over dependency of Libya on oil revenue: Economic vulnerability:

... allow the governments to replace all privet sectors to government sectors. Moreover, they support their people with many discounts as food, fuel, homes, and cars. During the periods of booming price, the governments deal well with all discounts for their nation but, once the price goes down, governm ...
Studying the Neutrality of Money: An Evidence of OPEC Member
Studying the Neutrality of Money: An Evidence of OPEC Member

... macroeconomic movements in 18 Arab countries. Kireyev (2000) compare growth performance, fiscal and current account developments in these countries. Bonato (2007) estimates the relationship between nominal variables and inflation in Iran. This paper answered questions about decline in inflation whic ...
The Importance of Azerbaijan`s Energy Revenues in its Exports
The Importance of Azerbaijan`s Energy Revenues in its Exports

... Natural gas from Russia continued till the end of 2006. The demand met by domestic production of natural gas in Azerbaijan in 2007 after the exploitation of Shah-Deniz deposits. Compared with the previous years the natural gas production increases 81% and was 11 billion cubic meters in 2007. The pro ...
Micro, Small and Medium Enterprises
Micro, Small and Medium Enterprises

... A Green Economy in the Caribbean context aims for long-term prosperity through equitable distribution of economic benefits and effective management of ecological resources; it is economically viable and resilient, self-directed, self-reliant, and pro-poor. ...
sierra leone
sierra leone

... From 1991 to 2002, a civil war raged in Sierra Leone, resulting in tens of thousands of dead, several thousands dismembered, and millions of refugees, both internal and those fleeing to neighbouring countries. Diamonds played a significant part in fuelling the war, as they were used especially by th ...
ENERGY AND INTERNATIONAL DEVELOPMENT: A
ENERGY AND INTERNATIONAL DEVELOPMENT: A

... interchangeably with “free market” or “neoliberal” or “Univ. Chicago” economics). The ascendancy of the neoliberal model occurred over the first half of the 20th century as economists sought to generate a “scientific”, “neutral” model that would focus on improving welfare of the economy in general a ...
The Effects of Natural Disasters
The Effects of Natural Disasters

... destruction of natural features, decreased quality of water supplies, and destruction of crops. Sometimes many countries experience the effects of a natural disaster whether regardless of where the disaster takes place. For instance, a hurricane can strike in one country or region, but trade or tran ...
Foreign Aid
Foreign Aid

... – Invest (in the future) rather than consume (in the present) – Indonesia and Malaysia invested in agricultural production and industry – increases competitiveness – Mexico mainly promoted its state oil company – fell behind in competitiveness ...
The Determinants of Crude Oil Prices
The Determinants of Crude Oil Prices

11:00 am, January 20, 2015 In Washington, DC (EST
11:00 am, January 20, 2015 In Washington, DC (EST

... Lower oil prices due to supply shifts boost global growth, although with important differences between oil importers and exporters. The global economic impact depends crucially on how large and persistent the oil supply shifts are expected to be. The more persistent they are, the more consumers and ...
Chapter 1 What is Economics?
Chapter 1 What is Economics?

... A shortage occurs when producers will not or can not offer goods or services at the current prices. ...
Anti-corruption Initiatives In Oil Sector In Azerbaijan
Anti-corruption Initiatives In Oil Sector In Azerbaijan

... double-digit growth over the next few years, mainly from increased oil and gas production and exports. Foreign investment is expected to decline over time as the major oil and gas projects move toward less intensive stages. However, the Government of Azerbaijan expects increased domestic public inve ...
(and State) REMI Experiment - Regional Economic Models, Inc.
(and State) REMI Experiment - Regional Economic Models, Inc.

... The intervals are far too large to be meaningful? Not necessary due to linearity of REMI responses Time consuming (expensive) Distributional assumption or The World is Not Normal Stationarity of μ and σ Other less time consuming methods to generate intervals The intervals do not get larger as t gets ...
Scarcity
Scarcity

... What is the main focus of economics? ...
chapt03_lecture-Fall-2011
chapt03_lecture-Fall-2011

...  The world average is 13%.  China is the world’s largest emitter of greenhouse gases.  Growth in global energy demand could be cut in half over the next 15 years using existing technologies.  The U.S. could create 300,000 jobs if 20% of electricity were produced by renewable means. ...
PDF
PDF

economic insight mIDDlE EaST Quarterly briefing may 2011 Future outlook – can the
economic insight mIDDlE EaST Quarterly briefing may 2011 Future outlook – can the

... have changed. Until now there has been downward pressure on prices from some producer governments wanting to take a very long-term view of demand and being reluctant to allow the price of oil to go so high that it encourages substitutes. There has also been political pressure from the US to keep the ...
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Resource curse

The resource curse, also known as the paradox of plenty, refers to the paradox that countries and regions with an abundance of natural resources, specifically point-source non-renewable resources like minerals and fuels, tend to have less economic growth and worse development outcomes than countries with fewer natural resources. This is hypothesized to happen for many different reasons, including a decline in the competitiveness of other economic sectors (caused by appreciation of the real exchange rate as resource revenues enter an economy, a phenomenon known as Dutch disease), volatility of revenues from the natural resource sector due to exposure to global commodity market swings, government mismanagement of resources, or weak, ineffectual, unstable or corrupt institutions (possibly due to the easily diverted actual or anticipated revenue stream from extractive activities). The resource curse may not be universal for all countries with an abundance of natural resources, but on average, economies with abundant natural resources have tended to grow more slowly than natural-resource-scarce economies.
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