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Oil Exports and the Iranian Economy
Esfahani, Hadi Salehi - 2009
This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...
Persistent link: https://www.econbiz.de/10013154686
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Resource Windfalls, Macroeconomic Stability and Growth : The Role of Political Institutions
Arezki, Rabah - 2011
We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...
Persistent link: https://www.econbiz.de/10013117356
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Country-Specific Oil Supply Shocks and the Global Economy : A Counterfactual Analysis
Mohaddes, Kamiar - 2015
This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...
Persistent link: https://www.econbiz.de/10013021694
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Oil Rents Shocks and Inequality in Iran
Farzanegan, Mohammad Reza; Krieger, Tim - 2021
We study the short and long run responses of income inequality to positive per capita oil and gas rent shocks in Iran. Using historical data from 1973 to 2012 and vector autoregression (VAR)-based impulse response functions, we find a positive and statistically significant response of income...
Persistent link: https://www.econbiz.de/10013315433
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Is Norway's Bird-in-Hand Stabilization Fund Prudent Enough? Fiscal Reactions to Hydrocarbon Windfalls and Graying Populations
Harding, Torfinn - 2014
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 fiscal reaction functions adopted by Norway have to some extent been … current fiscal rules, since Norway is on a trajectory of turning a current net asset-GDP-ratio close to one into a net debt …
Persistent link: https://www.econbiz.de/10013070656
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Forecastability and Statistical Characteristics of Aggregate Oil and Gas Investments on the Norwegian Continental Shelf
Lorentzen, Sindre - 2016
We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian Continental Shelf (NCS). A unique and detailed dataset containing data from 109 different fields on the NCS between 1970 and 2015 was employed. A set of 1080 autoregressive distributed...
Persistent link: https://www.econbiz.de/10012979540
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Pro-Cyclical Petroleum Investments and Cost Overruns in Norway
Dahl, Roy Endre - 2016
projects in the petroleum industry, this paper investigates the common effect of business cycle developments on cost overruns …
Persistent link: https://www.econbiz.de/10012979669
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China's Current Account and Exchange Rate
Cheung, Yin-Wong - 2013
We examine whether the Chinese exchange rate is misaligned and how Chinese trade flows respond to the exchange rate and to economic activity. We find, first, that the Chinese currency, the renminbi (RMB), is substantially below the value predicted by estimates based upon a cross-country sample,...
Persistent link: https://www.econbiz.de/10012753166
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Prospects of Regional Cooperation in Trade, Investment and Finance in Asia : An Empirical Analysis on Bimstec Countries and Japan
Bhattacharya, Swapan K. - 2013
The seven-nation Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (BIMSTEC), comprising Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand is emerging as one of the major subregional groups in Asia. Japan is the second largest trading partner for...
Persistent link: https://www.econbiz.de/10012754288
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How the Tight Oil Boom Has Changed Oil and Gasoline Markets
Kilian, Lutz - 2017
industry analysts had anticipated. This tight oil boom reduced the dependence of the United States on petroleum imports and …
Persistent link: https://www.econbiz.de/10012960095