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Oil Exports and the Iranian Economy
Esfahani, Hadi Salehi - 2009
output equation with a coefficient equal to the share of capital. The long run theory is tested using a new quarterly data … long run relations: an output equation as predicted by the theory and a standard real money demand equation with inflation …
Persistent link: https://www.econbiz.de/10013154980
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What Remains after the Oil Boom is Over?
Jelnov, Pavel - 2019
This paper links between Beckerian literature that shows that marriage is a normal good with respect to male income and the literature that explores cultural changes as a result of exogenous events. I use the oil crisis of the 1970s as a positive shock on some males. The analyzed outcome is...
Persistent link: https://www.econbiz.de/10012870157
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The Impact of Oil Revenues on the Iranian Economy and the Gulf States
Dreger, Christian - 2014
In line with the neoclassical growth model a persistent stream of oil revenues might have a long lasting impact on GDP per capita in oil exporting countries through higher investment activities. This relationship is explored for Iran and the countries of the Gulf Cooperation Council (GCC) using...
Persistent link: https://www.econbiz.de/10013055567
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Who Benefits from Local Oil and Gas Employment? Labor Market Composition in the Oil and Gas Industry in Texas
Cai, Zhengyu - 2019
This paper examines local labor market outcomes from an oil and gas boom in Texas. We examine two main outcomes across gender, race, and ethnicity: the probability of employment in the oil and gas industry and the log wages of workers employed outside the oil and gas industry. We find that men...
Persistent link: https://www.econbiz.de/10012868833
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Energy Price Shocks and the Demand for Energy-Efficient Housing : Evidence from Russia's Invasion of Ukraine
Braakmann, Nils; Dursun, Bahadir; Pickard, Harry - 2023
How do private consumers adapt to changes to energy prices, in particular do they invest in energy-saving measures? We study this question in the context of the rapid rise in energy prices caused by the Russian invasion of Ukraine in February 2022 and the demand for energy efficiency in the UK...
Persistent link: https://www.econbiz.de/10014260823
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Investigating the Asymmetric Impact of Oil Prices on GCC Stock Markets
Ben Cheikh, Nidhaleddine; Ben Naceur, Sami; Kanaan, Oussama - 2021
This paper investigates the presence of asymmetric relationship between oil price movements and Gulf Cooperation Council (GCC) stock markets. We propose the implementation of nonlinear vector smooth transition regression (VSTR) models which offer a greater flexibility when modelling the possible...
Persistent link: https://www.econbiz.de/10013314986
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An Empirical Growth Model for Major Oil Exporters
Esfahani, Hadi Salehi - 2012
-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy's steady state growth …
Persistent link: https://www.econbiz.de/10013107701
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Oil Price Shocks, Monetary Policy and Current Account Imbalances within a Currency Union
Baas, Timo - 2018
For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...
Persistent link: https://www.econbiz.de/10012930946
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Redistributive Politics and Market Efficiency : An Experimental Study
Großer, Jens - 2011
We study the interaction between competitive markets that produce large but unequally distributed welfare gains and elections through which the poor majority can redistribute income away from the rich minority. In our simple laboratory democracy, subjects first earn their income by trading in a...
Persistent link: https://www.econbiz.de/10013134222
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Manipulation of Choice Behavior
Manzini, Paola - 2011
We introduce and study the problem of manipulation of choice behavior. In a class of two-stage models of decision making, with the agent's choices determined by three "psychological variables," we imagine that a subset of these variables can be selected by a "manipulator." To what extent does...
Persistent link: https://www.econbiz.de/10013121739