Narrow search
Showing 1 - 10 of 897
Cover Image
Oil exports and the Iranian economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 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/10003897747
Cover Image
The international economics of natural resources and growth
Thorvaldur Gylfason (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497703
Cover Image
The impact of the fracking boom on Arab oil producers
Kilian, Lutz - 2016
This article contributes to the debate about the impact of the U.S. fracking boom on U.S. oil imports, on Arab oil exports, and on the global price of crude oil. First, I investigate the extent to which this oil boom has caused Arab oil exports to the United States to decline since late 2008....
Persistent link: https://www.econbiz.de/10011422578
Cover Image
Resource windfalls, macroeconomic stability and growth : the role of political institutions
Arezki, Rabah; Hamilton, Kirk; Kazimov, Kazim - 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/10009388290
Cover Image
The impact of declining oil rents on tax revenues : does the shadow economy matter?
Ishak, Phoebe W.; Farzanegan, Mohammad Reza - 2020 - This version: 17.02.2020
We study the association between oil rents and tax revenues, highlighting the importance of the shadow economy as a mediating factor. We present a simple theoretical model demonstrating that decreasing oil rents are likely to be positively associated with the tax revenues in a country with a...
Persistent link: https://www.econbiz.de/10012171685
Cover Image
Country-specific oil supply shocks and the global economy : a counterfactual analysis
Mohaddes, Kamiar; Pesaran, M. Hashem - 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/10010528313
Cover Image
One hundred years of oil income and the Iranian economy : a curse or a blessing?
Mohaddes, Kamiar; Pesaran, M. Hashem - 2013
This paper examines the impact of oil revenues on the Iranian economy over the past hundred years, spanning the period 1908-2010. It is shown that although oil has been produced in Iran over a very long period, its importance in the Iranian economy was relatively small up until the early 1960s....
Persistent link: https://www.econbiz.de/10009707616
Cover Image
Oil rents shocks and inequality in Iran
Farzanegan, Mohammad Reza; Krieger, Tim - 2018 - This version: January 2018
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/10011793996
Cover Image
Not all oil types are alike
Güntner, Jochen; Irlacher, Michael; Öhlinger, Peter - 2023
Motivated by the European Union's debate on sanctioning crude oil imports from Russia, we estimate the elasticity of substitution between different crude oil types. Using European data on country-level crude oil imports by field of origin, we argue that crude oil is not a homogenous good and...
Persistent link: https://www.econbiz.de/10014364721
Cover Image
Is Norway's bird-in-hand stabilization fund prudent enough? : fiscal reactions to hydrocarbon windfalls and graying populations
Harding, Torfinn; Ploeg, Frederick van der - 2009
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/10003897374