The purpose of this study is to examine three issues concerning the imports of crude oil by the United States. First, the question of whether crude oil imports respond to relative price changes is asked. Second, if crude oil imports do respond to such a factor, what is the nature of this...

This paper uses an aggregate modelling approach to assess the impact of taxes in refined-petroleum products on the Philippine's economy. The approach used in the analysis consists of a general equilibrium model composed of 14 producing sectors, 14 consuming sectors, three household categories...

This paper analyzes the effects of the Persian Gulf conflict on the level of economic activity, employment and inflation in the United States. Impacts on other countries are not examined in this study. Many of the impacts are difficult to quantify objectively. One factor that can be subjected to...

The analysis presented in this paper examines the US impact of raising the excise tax on gasoline on the US economy. The analytical approach used in the analysis consists of a computable general equilibrium model composed of fourteen producing sectors, fourteen consuming sectors, six household...