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The Impact of Higher Oil Prices on the Global Economy
The Impact of Higher Oil Prices on the Global Economy

Rentier states - Corvinus Research Archive
Rentier states - Corvinus Research Archive

... Luciani, the main distinguishing feature of a “rentier economy” is not primarily its exports of raw materials but rather the fact that national revenues originate from outside sources, rather than from domestic productive sectors (Luciani 1990: 71). A “rentier economy” does not necessarily lead to t ...
Regional Economic Outlook: Middle East and Central Asia
Regional Economic Outlook: Middle East and Central Asia

... advanced economies, may well lead to increased inflows to the other countries in the region, fueling stronger credit and domestic demand. However, a protracted slowdown in advanced economies would hurt growth in most MCD countries, depressing exports and commodity prices. Tighter credit in advanced ...
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PDF

Can the Ecological Price Paid for Economic Growth
Can the Ecological Price Paid for Economic Growth

What can be done to reduce overconsumption?
What can be done to reduce overconsumption?

... they may not be available for many years. Until then, society needs to develop consumption strategies that are likely to promote environmental sustainability in the absence of definitive solutions to these problems. Strategies such as adopting simplified lifestyles that involve general reductions in ...
Caucasus Analytical Digest No. 83
Caucasus Analytical Digest No. 83

... or less successfully. Bolstered by significant foreign currency reserves, SOFAZ helps fix the fiscal deficit. The oil fund plays an active role in stabilizing the exchange rate by withdrawing the strategic currency reserves from the central bank and selling US dollars at currency auctions. In 2015, ...
Long Term Economic Growth in Oil-Rich Saudi Arabia: What is the
Long Term Economic Growth in Oil-Rich Saudi Arabia: What is the

1.1 What are local invocations?
1.1 What are local invocations?

... resolve the resource home and resource on any invocation. The ResourceContextImpl offers convenience functionality that makes it easy to get informatio,n like a resource key or the resource home, and makes use of the message context. When a local invocation is done, then the message context informat ...
Kazakhstan - The Real Currency and Growth Challenge for Commodity Producing Countries
Kazakhstan - The Real Currency and Growth Challenge for Commodity Producing Countries

The Asymmetric Effects of Oil Shocks on an Oil
The Asymmetric Effects of Oil Shocks on an Oil

Full Paper Here - Center for Economic and Social
Full Paper Here - Center for Economic and Social

... The main goal of the study is to assess how oil price decline in the world market will potentially impact on Azerbaijani Economy. The paper specifically looks how last changes in the world market will effect on both revenue and expenditure sides of the state budget. The study also examines “side imp ...
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PDF

... prices would significantly reduce the output for agriculture, manufacturing and transports. The reduction in output for these sectors is subdued when the oil price shock is temporary. On the other hand, the low efficiency in the electricity sector has also negatively affected the sectors. The combin ...
The curse of aid - Department of Economics and Business
The curse of aid - Department of Economics and Business

Towards Wealth Accounting - Natural Capital within Comprehensive
Towards Wealth Accounting - Natural Capital within Comprehensive

... In December 2012, the Office for National Statistics (ONS) published a roadmap “Accounting for the value of nature in the UK” to incorporate natural capital into the UK Environmental Accounts. As part of the roadmap, ONS outlined a plan to improve the natural capital estimates within the framework o ...
Sustainable Development of Natural Resource Capital
Sustainable Development of Natural Resource Capital

... system is a finite, and in many respects destructible, reservoir of natural capital. Estimating the severity of trade-offs, and the redistributions of economic opportunities, access to environmental benefits, financial and ecological costs, and burdens of risks, thus becomes a major task of ecologic ...
Economic analysis of sustainability.
Economic analysis of sustainability.

... at the outset (i.e. has a small stock of manmade capital), it becomes locked into poverty. The productive resources of the economy are managed in a sustainable way, but development is not created. (b) If generations actually care for their children, why should they not be allowed to save on their b ...
The basic ppp challenge and possible extensions
The basic ppp challenge and possible extensions

...  A regional system with each region collecting prices on its own, and calculating its own PPPs with regional numeraire  Weak center with ad hoc links between regions ...
Oil and Regime Stability in Azerbaijan
Oil and Regime Stability in Azerbaijan

Modelling Iran’s Business Cycles Based on Oil Price Shocks
Modelling Iran’s Business Cycles Based on Oil Price Shocks

... generate endogenous growth. The idea of using endogenous growth elements to study business cycles argues that many authors have successfully incorporated endogenous sources of growth in dynamic statistical general equilibrium models and shown that this line of research can lead to substantial improv ...
Section 1.6 Factor Markets
Section 1.6 Factor Markets

... of real wages in the U.S. historically. In developed economies such as the United States, demand for labor is quite large relative to the supply of labor. Also, the greater the productivity of labor, the greater the demand for it. There are several reasons for higher productivity in developed countr ...
Entropy, limits to growth, and the prospects for
Entropy, limits to growth, and the prospects for

... (1995a,b) show this formally in the context of an endogenous growth model that includes human capital. Finally, Young (1994) argues that most of the content of the second law is already included in the common assumptions on cost functions, which, for example, often place prohibitive costs on perfect ...
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... economic or social concern? Two conceptual standards are regularly suggested, if often less than rigorously. They are, respectively, welfare and sustainability. That is, current measures of national income (e.g. GDP) are inadequate as indicators of social welfare, and moreover provide misleading inf ...
5.1.3 Net Price and User Cost Applications
5.1.3 Net Price and User Cost Applications

... economic or social concern? Two conceptual standards are regularly suggested, if often less than rigorously. They are, respectively, welfare and sustainability. That is, current measures of national income (e.g. GDP) are inadequate as indicators of social welfare, and moreover provide misleading inf ...
The Viability of Arab Gulf Industrial Development:
The Viability of Arab Gulf Industrial Development:

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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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