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UK Natural Gas: Gas-Specific or Oil Driven Pricing?

Asche, Frank; Oglend, Atle; Osmundsen, Petter - CESifo - 2013

the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and …

Persistent link: https://www.econbiz.de/10010721610

Short Run Effects of Bleaker Prospects for Oligopolistic Producers of a Non-Renewable Resource

Grimsrud, Kristine; Rosendahl, Knut Einar; Storrøsten, … - CESifo - 2014

consequently impact current supply. Bleaker demand prospects tend to accelerate resource extraction. A more pessimistic outlook for … future demand may, however, slow down the early resource extraction of producers with sufficiently large resource stocks and … response to bleaker demand prospects, producers with sufficiently large resource stocks will reduce their current supply. A …

Persistent link: https://www.econbiz.de/10010734335

Commodity Price Volatility, Democracy and Economic Growth

Arezki, Rabah; Gylfason, Thorvaldur - CESifo - 2011

We use a new dataset on non-resource GDP to examine the impact of commodity price volatility on economic growth in a panel of up to 158 countries during the period 1970-2007. Our main finding is that commodity price volatility leads to a significant increase in non-resource GDP growth in...

Persistent link: https://www.econbiz.de/10009352227

Natural Resources, Volatility, and Inclusive Growth: Perspectives from the Middle East and North Africa

Arezki, Rabah; Nabli, Mustapha K. - CESifo - 2012

This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA …

Persistent link: https://www.econbiz.de/10010550241

Harnessing Windfall Revenues: Optimal Policies for Resource-Rich Developing Economies

Ploeg, Frederick Van der; Venables, Anthony J. - CESifo - 2009

A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...

Persistent link: https://www.econbiz.de/10005051526

Is Norway's Bird-in-Hand Stabilization Fund Prudent Enough? Fiscal Reactions to Hydrocarbon Windfalls and Graying Populations

Harding, Torfinn; Ploeg, Frederick Van der - CESifo - 2009

We estimate fiscal reaction functions for non-hydrocarbon tax and public spending shares of national income and for debt management strategies adopted by Norway and compare these with rules that would prevail under the permanent income hypothesis and bird-in-hand rule. We conclude that the...

Persistent link: https://www.econbiz.de/10008572476

Commodity Windfalls, Polarization, and Net Foreign Assets: Panel Data Evidence on the Voracity Effect

Arezki, Rabah; Brückner, Markus - CESifo - 2011

This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign...

Persistent link: https://www.econbiz.de/10009371349

Conservation Contracts and Political Regimes

Harstad, Bård; Mideksa, Torben - CESifo - 2015

Motivated by tropical deforestation, we analyze (i) a novel theory of resource extraction, (ii) the optimal conservation contract, (iii) when the donor prefers contracting with central rather than local governments, and (iv) how the donor’s presence may induce institutional change....

Persistent link: https://www.econbiz.de/10011273091

Optimal Tariffs on Exhaustible Resources: The Case of a Quantity Setting Cartel

Fujiwara, Kenji; Long, Ngo Van - CESifo - 2012

We formulate a dynamic game model of trade in an exhaustible resource with a quantity-setting cartel. We compute the feedback Nash equilibrium and two Stackelberg equilibria under two different leadership scenarios: leadership by the strategic importing country, and leadership by the exporting...

Persistent link: https://www.econbiz.de/10009645651

What Drives the Global Land Rush?

Arezki, Rabah; Deininger, Klaus; Selod, Harris - CESifo - 2011

This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in areas with low population density as...

Persistent link: https://www.econbiz.de/10009368564