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Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009

regularity conditions and assuming a Cobb Douglas production function, it is shown that (log) oil exports enter the long run …

Persistent link: https://www.econbiz.de/10003897747

The international economics of natural resources and growth

Thorvaldur Gylfason (contributor) - 2007

Persistent link: https://www.econbiz.de/10003497703

Optimal carbon tax with a dirty backstop : oil, coal, or renewables?

Ploeg, Frederick van der; Withagen, Cees - 2011

Optimal climate policy is studied. Coal, the abundant resource, contributes more CO2 per unit of energy than the exhaustible resource, oil. We characterize the optimal sequencing oil and coal and departures from the Herfindahl rule. "Preference reversal" can take place. If coal is very dirty...

Persistent link: https://www.econbiz.de/10009009608

The impact of the fracking boom on Arab oil producers

Kilian, Lutz - 2016

article quantifies by how much increased U.S. tight oil production has lowered the global price of oil. Using a novel …

Persistent link: https://www.econbiz.de/10011422578

Understanding the decline in the price of oil since June 2014

Baumeister, Christiane; Kilian, Lutz - 2016 - First version: January 21, 2015. This version: September 13, 2015

occurred when in late November 2014 OPEC announced that it would maintain current production levels despite the steady increase … in non-OPEC oil production. Both conjectures are perfectly reasonable ex ante, yet we provide quantitative evidence that … expected oil production that occurred prior to July 2014. The remaining oil price decline is accounted for by a shock to oil …

Persistent link: https://www.econbiz.de/10011428356

Country-specific oil supply shocks and the global economy : a counterfactual analysis

Mohaddes, Kamiar; Pesaran, M. Hashem - 2015

the global economy (real outputs and financial markets) mainly due to an increase in Saudi Arabian oil production. In … the loss in Saudi Arabian production is not compensated for by the other oil producers. As a result, a Saudi Arabian oil …

Persistent link: https://www.econbiz.de/10010528313

The U.S. dollar exchange rate and the demand for oil

De Schryder, Selien; Peersman, Gert - 2013

Using recent advances in panel data estimation techniques, we find that an appreciation of the US dollar exchange rate leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to be much larger than the impact of a shift in the...

Persistent link: https://www.econbiz.de/10009707558

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

Battle for climate and scarcity rents : beyond the linear-quadratic case

Kagan, Mark; Ploeg, Frederick van der; Withagen, Cees - 2014

The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...

Persistent link: https://www.econbiz.de/10010424787

International capital markets, oil producers and the green paradox

Meijden, Gerard C. van der; Ploeg, Frederick van der; … - 2014

A rapidly rising carbon tax leads to faster extraction of fossil fuels and accelerates global warming. We analyze how general equilibrium effects operating through the international capital market affect this Green Paradox. In a two-region, two-period world with identical homothetic preferences...

Persistent link: https://www.econbiz.de/10010412300