Showing 1 - 10 of 129
This paper attempts to offer specific inputs to the debate on local content promotion in the oil industry, using the specific case of São Tomé and Príncipe as point of reference. Our approach emphasizes inter-sectoral linkages and institutional pre-conditions for local content promotion....
Persistent link: https://www.econbiz.de/10005826602
This paper explores from a regional perspective the distorted nature of trade in energy products within the CIS countries. The persistence of pricing distortions, barter arrangements, and discriminatory access to pipelines, as well as failure to honor contracts, has disrupted and distorted...
Persistent link: https://www.econbiz.de/10005826696
findings are broadly consistent with the presence of Dutch disease in the second group during the oil-price boom. Departing …
Persistent link: https://www.econbiz.de/10009370557
We study the effects of oil-price shocks on the U.S. economy combining narrative and quantitative approaches. After … shocks that avoid endogeneity and predictability concerns. Estimation results indicate that oil-price shocks have had … oil-supply shocks from endogenous oil-price fluctuations driven by changes in oil demand. …
Persistent link: https://www.econbiz.de/10009650637
A model for world crude oil and natural gas markets is estimated. It confirms low price and high income elasticities of … demand for both crude oil and natural gas, which explains the market power of oil producers and price volatility following …
Persistent link: https://www.econbiz.de/10005768887
This Poverty Reduction Strategy Paper for Nigeria highlights the National Economic Empowerment and Development Strategy (NEEDS). NEEDS gives special support to agriculture, industry, small and medium-scale enterprises, and oil and gas. Under the plan, the government will seek long-term capital...
Persistent link: https://www.econbiz.de/10005591671
Under imperfect competition, Russia and Ukraine may choose to deviate from optimal tax considerations which suggest use of a destination-based VAT regime. Oil and gas trade is a major source of Russian tax revenue, which is collected partly through an origin-based VAT on intra-CIS energy trade....
Persistent link: https://www.econbiz.de/10005599379
This paper undertakes an investigation into the efficiency of the crude oil futures market and the forecasting accuracy of futures prices. Efficiency of the market is analysed in terms of the expected excess returns to speculation in the futures market. Accuracy of futures prices is compared...
Persistent link: https://www.econbiz.de/10005599690
This Selected Issues paper on Angola reports that oil production in Angola accounts for about half of GDP and about 75 percent of government revenue. The projections for the government’s fiscal position in the medium term will be crucially dependent on both the value of oil production and...
Persistent link: https://www.econbiz.de/10005252648
This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting...
Persistent link: https://www.econbiz.de/10005824863