Similar Search Results

Aggressive oil extraction and precautionary saving : coping with volatility

Ploeg, Frederick van der - 2010

The effects of stochastic oil demand on optimal oil extraction paths and tax, spending and government debt policies are analyzed when the oil demand schedule is linear and preferences quadratic. Without prudence, optimal oil extraction is governed by the Hotelling rule and optimal budgetary...

Persistent link: https://www.econbiz.de/10003966514

Oil project selection by metrics

Emhjellen, Magne; Osmundsen, Petter - 2016

The recent fall in oil prices has led to extensive capital rationing, and thereby given rise to a renewed focus on parameters for project selection which supplement net present value. While the financial crisis was creating capital constraints, the oil industry seemed to be paying great...

Persistent link: https://www.econbiz.de/10011474983

Health care expenditure and income : a global perspective

Baltagi, Badi H.; Lagravinese, Raffaele; Moscone, Francesco - 2016

This paper investigates the long-run economic relationship between health care expenditure and income in the world … in the form of either a common factor model or a spatial process. We estimate a global measure of income elasticity using … all countries in the sample, and for sub-groups of countries, depending on their geo-political area and income. Our …

Persistent link: https://www.econbiz.de/10011540773

Breakthrough renewables and the green paradox

Ploeg, Frederick van der - 2012

We show how a monopolistic owner of oil reserves responds to a carbon-free substitute becoming available at some uncertain point in the future if demand is isoelastic and variable extraction costs are zero but upfront exploration investment costs have to be made. Not the arrival of this...

Persistent link: https://www.econbiz.de/10009665356

Weapons of choice

Dreher, Axel; Kreibaum, Merle - 2015

This article investigates the effect of natural resources on whether ethno-political groups choose to pursue their goals with non-violent as compared to violent means, distinguishing terrorism from insurgencies. It is hypothesized that whether or not the extraction of fossil fuels sparks...

Persistent link: https://www.econbiz.de/10011286479

Evidence from auctions for natural resources

Bošković, Branko; Nøstbakken, Linda - 2016

This paper examines the effect that endangered species regulation has on natural resource development. Specifically, we use data from competitive auctions to estimate the effect that land-use regulation protecting endangered caribou in the Canadian province of Alberta has on the price producers...

Persistent link: https://www.econbiz.de/10011482890

Oil and civil conflict : on and off (shore)

Andersen, Jørgen Juel; Nordvik, Frode Martin; Tesei, Andrea - 2017

opposite effects can be explained by a fighting capacity mechanism, whereby the government can use offshore oil income to …

Persistent link: https://www.econbiz.de/10011603125

Probable oil and gas reserves and shareholder returns : the impact of shale gas

Misund, Bård; Osmundsen, Petter - 2015

Oil and gas reserves are the most important assets of oil and gas companies. A source of confusion for investors in oil companies is that reserves quantities and values are uncertain estimates. Reserves are typically classified according to probabilities of recovery from underground reservoirs....

Persistent link: https://www.econbiz.de/10011411313

The political economics of the Arab Spring

Hodler, Roland - 2012

The Arab Spring has led to very different outcomes across the Arab world. I present a highly stylized model of the Arab Spring to better understand these differences. In this model, dictators from the ethnic or religious majority group concede power if their country is oil-poor, but can stay in...

Persistent link: https://www.econbiz.de/10009684064

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