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A model for world crude oil and natural gas markets is estimated. It confirms low price and high income elasticities of … demand for both crude oil and natural gas, which explains the market power of oil producers and price volatility following …
Persistent link: https://www.econbiz.de/10014401033
the gas price and the opaque nature of gas contracts. A proposal for rationalizing the trade to ease these constraints is …
Persistent link: https://www.econbiz.de/10014401810
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This paper contributes to the debate on the relationship between public-capital accumulation and private investment in India along the following dimensions. First, acknowledging major structural changes that the Indian economy has undergone in the past three decades, we study whether public...
Persistent link: https://www.econbiz.de/10011445833
cointegration techniques. The application of cointegration methodology allows distinguishing between long-run (debt-to-GDP ratio …
Persistent link: https://www.econbiz.de/10012671580
In this paper we provide short- and long-run tax buoyancy estimates for 107 countries (distributed between advanced, emerging and low-income) for the period 1980-2014. By means of Fully-Modified OLS and (Pooled) Mean Group estimators, we find that: i) for advanced economies both long-run and...
Persistent link: https://www.econbiz.de/10011716400
How should resource-rich economies handle the balance of payments adjustment required after commodity price declines …
Persistent link: https://www.econbiz.de/10011763833
This paper explores conditions and policies that could affect the matching between labor demand and supply. We identify shifts in the Beveridge curves for 12 OECD countries between 2000Q1 and 2013Q4 using three complementary methodologies and analyze the short-run determinants of these shifts by...
Persistent link: https://www.econbiz.de/10011705710