Showing 1 - 10 of 29
that, by neglecting these differences in quality, standard estimates significantly underestimate the production disruptions …
Persistent link: https://www.econbiz.de/10014364721
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
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
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
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
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
Persistent link: https://www.econbiz.de/10003497703
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
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
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