Similar Search Results

Issues in Domestic Petroleum Pricing in Oil-Producing Countries

Gupta, Sanjeev - 2002

This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled 3.0 percent of GDP, on...

Persistent link: https://www.econbiz.de/10014401649

Oil exporters’ dilemma : how much to save and how much to invest

Cherif, Reda; Hasanov, Fuad - 2012

Persistent link: https://www.econbiz.de/10009424690

Oil Exporters' Dilemma : How Much to Save and How Much to Invest

Cherif, Reda - 2004

Policymakers in oil-exporting countries confront the question of how to allocate oil revenues among consumption, saving, and investment in the face of high income volatility. We study this allocation problem in a precautionary saving and investment model under uncertainty. Consistent with data...

Persistent link: https://www.econbiz.de/10014396894

Rethinking fiscal policy in oil-exporting countries

Mirzoev, Tokhir; Zhu, Ling - 2019

We examine the existing fiscal policy paradigm in commodity-exporting countries. First, we argue that its centerpiece-the permanent income hypothesis (PIH)-is not consistent with either intergenerational equity or long-term sustainability in the presence of uncertainty. Policies to achieve these...

Persistent link: https://www.econbiz.de/10012021900

Global Imbalances and Petrodollars

Hasanov, Fuad - 2009

resolution of global imbalances. Current account dynamics are estimated for oil-exporting countries and the rest of the world. We …

Persistent link: https://www.econbiz.de/10014402505

External adjustment in oil exporters : the role of fiscal policy and the exchange rate

Behar, Alberto; Fouejieu, Armand - 2016

After the decline in oil prices, many oil exporters face the need to improve their external balances. Special characteristics of oil exporters make the exchange rate an ineffective instrument for this purpose and give fiscal policy a sizeable role. These conclusions are supported by regression...

Persistent link: https://www.econbiz.de/10011711426

Oil Rents, Corruption, and State Stability : Evidence From Panel Data Regressions

International Monetary Fund - 2009

We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation of a new measure of oil rents for a panel of 31 oil-exporting countries during the period 1992 to 2005. We find that an increase in oil rents significantly increases...

Persistent link: https://www.econbiz.de/10014402218

An analysis of OPEC’s strategic actions, US shale growth and the 2014 oil price crash

Behar, Alberto; Ritz, Robert A. - 2016

In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts … explains the fundamental market factors that can rationalize such a "regime switch" by OPEC. These include: (i) the growth of … US shale oil production; (ii) the slowdown of global oil demand; (iii) reduced cohesiveness of the OPEC cartel; (iv …

Persistent link: https://www.econbiz.de/10011711707

Oil price shocks and economic growth in oil-exporting countries : does the size of government matter?

Sadeghi, Amir - 2017

This paper examines the impact of government size on how output and government expenditure respond to oil price shocks in 28 oil-exporting countries between 1990 and 2016. Results suggest that if the size of government (measured by government expenditure-to-(non-oil) GDP ratio) is larger,...

Persistent link: https://www.econbiz.de/10011781275

Cyclical fiscal rules for oil-exporting countries

Snudden, Stephen - 2013

Persistent link: https://www.econbiz.de/10010389958

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