Curuk, Malik; Sen, Suphi - CESifo - 2015
counterproductive. This paper empirically confirms this prediction using data on crude oil exports from OPEC to OECD countries between … 2001-2010 in a gravity framework. It documents that oil exporters decrease prices and increase quantity of oil exports in … about 2.4; and (iii) exports of coal, which is in abundant supply, are not significantly affected by the changes in R …