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Income and health spending : evidence from oil price shocks
Acemoglu, Daron; Finkelstein, Amy; Notowidigdo, Matthew J. - 2009
Persistent link: https://www.econbiz.de/10003814856
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Income and Health Spending : Evidence from Oil Price Shocks
Acemoglu, Daron - 2009
this is primarily a consequence of rising real per capita income, which more than doubled over the same period. We … investigate this hypothesis empirically by instrumenting for local area income with time-series variation in global oil prices … an increase in income on health expenditures. Our central estimate is an income elasticity of 0.7, with an elasticity of …
Persistent link: https://www.econbiz.de/10012463903
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Does the oil price adjust optimally to oil field discoveries?
Leinert, Lisa - 2012
The Hotelling rule argues that the price for a non-renewable resource adjusts to the shadow value of the resource, reflecting its remaining availability. This study provides an empirical test of this hypothesis. It investigates whether the price of crude oil does adjust to unexpected news about...
Persistent link: https://www.econbiz.de/10009722156
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How do unanticipated discoveries of oil fields affect the oil price?
Leinert, Lisa - 2010
The Hotelling rule argues that the price for a nonrenewable resource adjusts to the shadow value of the resource, reflecting the remaining availability of the resource. We empirically test the Hotelling rule on the effect of unanticipated oil field discoveries. We do not find evidence for a...
Persistent link: https://www.econbiz.de/10008748154
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How oil price changes affect foreign direct investment inflows in South Africa? : An ARDL approach
Tala, Lavisa; Hlongwane, Tshembhani M. - In: International journal of economics and financial issues … 13 (2023) 2, pp. 115-123
Persistent link: https://www.econbiz.de/10014253092
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Canadian refining and oil security
2008
Persistent link: https://www.econbiz.de/10003870629
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The outlook for the global supply of oil : running on faith?
Gervais, Olivier; Kolet, Ilan - 2009
The dramatic reduction in global demand, and the decline in the spot price of crude oil in the second half of last year, may have significant implications for the future supply of oil. Investments in conventional methods of extraction have been constrained, since easily accessible oil reserves...
Persistent link: https://www.econbiz.de/10003933207
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Aggressive oil extraction and precautionary saving : coping with volatility
Ploeg, Frederick van der - 2010
The effects of stochastic oil demand on optimal oil extraction paths and tax, spending and government debt policies are analyzed when the oil demand schedule is linear and preferences quadratic. Without prudence, optimal oil extraction is governed by the Hotelling rule and optimal budgetary...
Persistent link: https://www.econbiz.de/10003966514
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Modeling peak oil and the geological constraints on oil production
Okullo, Samuel J.; Reynès, Frédéric; Hofkes, Marjan W. - 2014
Persistent link: https://www.econbiz.de/10011283339
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Prospective modelling of oil supply in Tunisia
Necibi, Thameur - In: International Journal of Energy Economics and Policy : IJEEP 4 (2014) 2, pp. 220-228
Persistent link: https://www.econbiz.de/10011286257