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... measures whether prices of goods and services have risen or fallen in comparison to previous months. ...
... measures whether prices of goods and services have risen or fallen in comparison to previous months. ...
KAZAKHSTAN/AZERBAIJAN: Oil can unbalance economies
... GDP growth The IMF projects that Kazakhstan's real GDP growth will reach 8.3% in 2006, but decline to 6.8-7.7% in 2007-10. This would fit the government's declared objective of attaining an average income of 10,000 dollars per capita by 2012. Fiscal conditions Kazakhstan's overall budget surplus is ...
... GDP growth The IMF projects that Kazakhstan's real GDP growth will reach 8.3% in 2006, but decline to 6.8-7.7% in 2007-10. This would fit the government's declared objective of attaining an average income of 10,000 dollars per capita by 2012. Fiscal conditions Kazakhstan's overall budget surplus is ...
No Barrel of Fun: What Weaker Crude Means for Canada
... heating. Crude acquisition costs represent about half of the cost of a litre of gasoline in Canada currently. Allowing for the “wedge” created by transport costs, refiners’ margins, and non-ad valorem taxes, each $2 drop in crude shaves about a cent per litre from pump prices, so even if oil rebounds ...
... heating. Crude acquisition costs represent about half of the cost of a litre of gasoline in Canada currently. Allowing for the “wedge” created by transport costs, refiners’ margins, and non-ad valorem taxes, each $2 drop in crude shaves about a cent per litre from pump prices, so even if oil rebounds ...
Slide 1
... economic performance in Switzerland, i.e., positive oil price shocks have real effects while decreases in oil prices do not lead to a boost. oil price increases do not affect ‘core inflation’ to any significant degree and the adverse effects of a large oil price shock may be felt with a time lag due ...
... economic performance in Switzerland, i.e., positive oil price shocks have real effects while decreases in oil prices do not lead to a boost. oil price increases do not affect ‘core inflation’ to any significant degree and the adverse effects of a large oil price shock may be felt with a time lag due ...
Ch. 24 Readings
... Thick black smoke filled the sky, darkening what had been a bright, sunny day. Kuwait’s oil fields were on fire. The year was 1991. Iraq had invaded Kuwait, hoping to take over its oil reserves. This invasion led to a conflict known as the Persian Gulf War. When the war ended, retreating Iraqi troop ...
... Thick black smoke filled the sky, darkening what had been a bright, sunny day. Kuwait’s oil fields were on fire. The year was 1991. Iraq had invaded Kuwait, hoping to take over its oil reserves. This invasion led to a conflict known as the Persian Gulf War. When the war ended, retreating Iraqi troop ...
Full-text article - Federal Reserve Bank of Boston
... the supply of oil generates the loathsome combination of price increases and higher unemployment. It is not mere coincidence that each of the previous oil shocks was followed by both recession and a surge of inflation in the industrial countries. Any analysis of these developments should recognize t ...
... the supply of oil generates the loathsome combination of price increases and higher unemployment. It is not mere coincidence that each of the previous oil shocks was followed by both recession and a surge of inflation in the industrial countries. Any analysis of these developments should recognize t ...
economic insight MIDDLE EAST Quarterly briefing Q4 2012
... over time. Data from the IMF show that, between 2008 and 2011, the fiscal break-even price rose by $39 a barrel in Saudi Arabia and $69 in the UAE; the increases in Kuwait and Qatar were more muted and their fiscal ...
... over time. Data from the IMF show that, between 2008 and 2011, the fiscal break-even price rose by $39 a barrel in Saudi Arabia and $69 in the UAE; the increases in Kuwait and Qatar were more muted and their fiscal ...
Malaysia: Revenue Flow and NOC
... considering experiences from several countries and taking into account Tanzania economic environment and characteristics • Experience and studies have shown that: Many resource rich countries (especially in Africa) have not benefited from the resources resource-dependent economies grow more slow ...
... considering experiences from several countries and taking into account Tanzania economic environment and characteristics • Experience and studies have shown that: Many resource rich countries (especially in Africa) have not benefited from the resources resource-dependent economies grow more slow ...
PDF Download
... since 2001. The average price of Russian oil1 was 69.1 dollars per barrel in 2007, 85.3 dollars in the last quarter of 2007 and close to 120 dollars per barrel in mid-May 2008. The average price in 2007 was three times higher than that in 2001. The prices of gas, coal and many other Russian export c ...
... since 2001. The average price of Russian oil1 was 69.1 dollars per barrel in 2007, 85.3 dollars in the last quarter of 2007 and close to 120 dollars per barrel in mid-May 2008. The average price in 2007 was three times higher than that in 2001. The prices of gas, coal and many other Russian export c ...
Oil price shocks and their effects on economic activity and prices: an
... abrupt reductions in GDP and increases in unemployment at a worldwide scale. Early important references on this topic in the literature are Rasche and Tatom (1977, 1981) and Tatom (1981). As from the 1980s, Hamilton (1983, 1985 and 1996) stands out as one of the main contributors to this literature. ...
... abrupt reductions in GDP and increases in unemployment at a worldwide scale. Early important references on this topic in the literature are Rasche and Tatom (1977, 1981) and Tatom (1981). As from the 1980s, Hamilton (1983, 1985 and 1996) stands out as one of the main contributors to this literature. ...
Chapter 4: Political Economy Pete W. Moore Introduction One of the
... in the oil sector and Egypt‟s Suez Canal for example), continued foreign control even after political independence would ensure future political conflict. Second, the creation of new states and borders limited the choices available to build economies or imparted heavy incentives to build one‟s econo ...
... in the oil sector and Egypt‟s Suez Canal for example), continued foreign control even after political independence would ensure future political conflict. Second, the creation of new states and borders limited the choices available to build economies or imparted heavy incentives to build one‟s econo ...
**** 1 - Yoo Soo HONG
... - By the turn of the century, when the transition from central planning was essentially completed, the Central Asian countries had created vastly different economic systems. These differences had important implications for economic stability during the 1990s, for long-term growth prospects in the 20 ...
... - By the turn of the century, when the transition from central planning was essentially completed, the Central Asian countries had created vastly different economic systems. These differences had important implications for economic stability during the 1990s, for long-term growth prospects in the 20 ...
Chapter 9 Key Issue #1x
... Development requires access to raw materials, such as minerals and trees, which can be fashioned into useful products. It also requires energy to operate the factories. The United Kingdom, the first country to develop in the eighteenth century, had abundant supplies of coal and iron ore, used to mak ...
... Development requires access to raw materials, such as minerals and trees, which can be fashioned into useful products. It also requires energy to operate the factories. The United Kingdom, the first country to develop in the eighteenth century, had abundant supplies of coal and iron ore, used to mak ...
global recession, oil sector and economic growth in nigeria.
... 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 trade been affected. The oil sector particularly has been one of the hit. For a cou ...
... 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 trade been affected. The oil sector particularly has been one of the hit. For a cou ...
Citizen Dividends and Oil Resource Rents
... the North Slope. The APF is a public trust fund - a diversified stock, bond and real estate portfolio - into which are deposited the oil royalties received from the corporations which extract the oil from the lands of Alaska. The first citizen dividend check from the interest of the APF was issued i ...
... the North Slope. The APF is a public trust fund - a diversified stock, bond and real estate portfolio - into which are deposited the oil royalties received from the corporations which extract the oil from the lands of Alaska. The first citizen dividend check from the interest of the APF was issued i ...
Long-term oil and energy outlook
... intended as a substitute for advice from your business, finance, investment consultant or other professional. Whilst reasonable efforts 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 ...
... intended as a substitute for advice from your business, finance, investment consultant or other professional. Whilst reasonable efforts 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 ...
How to Spend It: Poverty Elimination and the Distribution
... New Zealand Spain Greece Canada Slovak Republic Switzerland Ireland Japan Australia Korea United States Turkey Chile Mexico ...
... New Zealand Spain Greece Canada Slovak Republic Switzerland Ireland Japan Australia Korea United States Turkey Chile Mexico ...
Long run equilibrium
... Resource prices, interest rates rise SRAS shifts left Return to full employment, normal profits Price level permanently higher ...
... Resource prices, interest rates rise SRAS shifts left Return to full employment, normal profits Price level permanently higher ...
CHAPTER #25 FREE RESPONSE SOLUTIONS
... is linear and downward sloping due to declining marginal product due to the law of diminishing returns. In a market which is imperfectly competitive, a firm has to drop the price in order to sell more products. This a more severe decline in MRP due to diminishing marginal product, and thus a steeper ...
... is linear and downward sloping due to declining marginal product due to the law of diminishing returns. In a market which is imperfectly competitive, a firm has to drop the price in order to sell more products. This a more severe decline in MRP due to diminishing marginal product, and thus a steeper ...