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This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...
Persistent link: https://www.econbiz.de/10003897747
Persistent link: https://www.econbiz.de/10003898385
This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...
Persistent link: https://www.econbiz.de/10003909263
We provide an estimate of China’s impact on the growth rate of resource-rich countries after its WTO accession on 11 December 2001. Our empirical approach follows the logic of the differences-in-differences estimator. In addition to temporal variation arising from the WTO accession, which we...
Persistent link: https://www.econbiz.de/10014153040
Persistent link: https://www.econbiz.de/10012546796
Persistent link: https://www.econbiz.de/10011996028
To investigate the dynamic effect of external shocks on an oil exporting economy, we estimate, using Bayesian approach, a DSGE model based on the features of the Algerian economy. The main purpose is to investigate the dynamic effect of four external shocks (oil price shock, USD/EUR exchange...
Persistent link: https://www.econbiz.de/10013117249
The US set an oil export ban after the Iranian crisis in the 1970s due to energy security issues. Since US oil … produced by shale development, this contributed to a bigger cause to end the export ban. After several discussions, both … oil export ban in US. We will then look into the prospect theories of how the lift of ban would effect the oil market …
Persistent link: https://www.econbiz.de/10014264994
Persistent link: https://www.econbiz.de/10012026328
, spending from petroleum revenues appears to be rather thinly spread and not efficient. This defeats the purpose of … is essential that spending from petroleum revenues is guided by a medium- to long-term inclusive development strategy …
Persistent link: https://www.econbiz.de/10011894318