We investigate the impact of raising the excise tax on motor fuels on the U.S. economy in general and the agricultural sectors in particular. The approach used in the analysis consists of a computable general equilibrium model composed of 14 producing sectors, 14 consuming sectors, six household...

We examine the impact of an oil-import fee on the United States economy. For a general equilibrium model, we estimate the effect that a $5.00 per barrel import fee would have on producing sectors, consuming sectors, households, and the government. Over the period 1984–1990 with such an import...

This paper uses an aggregate modelling approach to assess the impact of taxes on refined petroleum products on the Philippine economy. The effects of removing the 48% tax on premium and regular gasoline and the 24% tax on other refined petroleum products on prices and quantities are examined....

This analysis is concerned with the effect of energy scarcity on economic growth in the U.S. After defining the notion of scarcity and introducing measures of scarcity (unit costs and relative energy price), changes in the trend in resource scarcity for NG, bituminous coal, anthracite coal, and...

We investigate the importance of energy in the investment decision process. Based on empirical results, it is clear that for energy-intensive industries, as well as for the economy as a whole, energy is important in adequately explaining investment behavior. Beyond this, there is a strong...

This paper is directed at examining the impact of changing prices on the level of production of crude oil and natural gas in the United States. By using a cross correlation test for unidirectional causality, it is clearly demonstrated that for both crude oil and natural gas, domestic production...

This study focuses on the issue of whether fluctuations in the price of crude oil have affected employment and the rate of unemployment in the U.S. After reviewing previous assessments of the issue, the existence of an empirical relationship between the rate of unemployment and crude oil price...

This paper deals with two diagnostics that are useful in evaluating regression results when one of the explanatory variables contains either random or systematic measurement error. The two diagnostics discussed are regression-coefficient bounds and the bias correction factor. The first is useful...

The objective of this analysis is to develop a model to forecast the consumption of fossil fuels by electric utilities on a month-to-month basis. A scheme is devised and implemented that attributes fossil-fuel generation (exclusive of coal) to the consumption of residual fuel oil, distillate...

This paper applies a translog price possibility frontier to a pooled sample in order to measure the extent of interfuel substitution effects in the primary metals industries. The results clearly indicate that relative changes in fuel prices across primary metals industries have significant...