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in domestic gasoline or diesel price adversely affects real non-fuel export growth, but only in the short run as the …This paper investigates the impact of domestic fuel price increases on export growth in a sample of 77 developing … impact phases out within two years after the shock. The results also suggest that the negative effect of fuel price increase …
Persistent link: https://www.econbiz.de/10012001601
While many developing countries limit the international fuel price pass through to domestic fuel prices, others do not …. Against this backdrop, we examine the factors that determine whether governments allow international fuel price changes to be … evidence is found that political variables or environmental policies matter with regard to fuel price dynamics in the short …
Persistent link: https://www.econbiz.de/10012391900
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
We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil and natural gas supplies. Viewed from the perspective of the energy-importing countries as a whole, there has not been much change in diversification in oil supplies over the...
Persistent link: https://www.econbiz.de/10014402730
plan with an increase in the CO2 emissions floor price. The impacts of these reforms on consumption would be low and …
Persistent link: https://www.econbiz.de/10012796806
showed that short-run demand for oil and gas was price- inelastic, relatively income-elastic, and was influenced by interest … and exchange rates; short-run supply was price-inelastic. Short-run price inelasticity could be a source for high …
Persistent link: https://www.econbiz.de/10014400334
In this paper, we derive evidence on the integration of international stock markets from the cointegration properties … of international stock market prices. Using the multivariate cointegration test of Johansen, we find that the set of six … country stock price indices, including that of the United States, Canada, the United Kingdom, France, Germany, and Japan are …
Persistent link: https://www.econbiz.de/10014395829
This paper applies the maximum likelihood panel cointegration method of Larsson and Lyhagen (2007) to test the strong … contrasted to those from the Pedroni (1995) cointegration tests and fully modified OLS and dynamic OLS esimators of the …
Persistent link: https://www.econbiz.de/10014401245
We combine some newly developed panel co-integration techniques and common factor analysis to analyze the behavior of …
Persistent link: https://www.econbiz.de/10014404212
We study the cyclical properties of sales, regular price changes and average prices paid by consumers (""effective …
Persistent link: https://www.econbiz.de/10014395698