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the latest available data from the World Bank, finding that road-sector subsidies for gasoline and diesel totaled $110 …
Persistent link: https://www.econbiz.de/10013071789
, the real price of oil has tended to be highly persistent and volatile whenever rapid industrialization in a major world …
Persistent link: https://www.econbiz.de/10013160159
We explore the principal trends that are shaping the future landscape of energy supply, demand, and trade. We take a long-term view, assessing trends on the time scale of a generation by looking 25 years into the past, taking stock of the current situation, and projecting 25 years into the...
Persistent link: https://www.econbiz.de/10013064119
This paper assesses trends in the global energy sector through 2040 by harmonizing multiple projections issued by private, government, and inter-governmental organizations based on methods from “Global Energy Outlooks Comparison: Methods and Challenges” (Newell and Qian 2015). These...
Persistent link: https://www.econbiz.de/10012996882
We use a new micro data set that covers all oil fields in the world to estimate a stochastic industry-equilibrium model … market in a general-equilibrium model of the world economy. We analyze the impact of the advent of fracking on the volatility …
Persistent link: https://www.econbiz.de/10012955791
whether the U.S. share of world oil imports is more or less than its share of OPEC asset holdings; in the long run, whether …
Persistent link: https://www.econbiz.de/10013220415
Tax expenditures are a major source of support for energy related activities in the federal budget exceeding direct budget support for energy by a factor of nearly six. Focusing on the policy goals of reducing greenhouse gas emissions and petroleum consumption, I find these tax expenditures...
Persistent link: https://www.econbiz.de/10012753708
Gasoline taxes can be employed to correct externalities from automobile use and to raise government revenue. Our understanding of the optimal gasoline tax and the efficacy of existing taxes is largely based on empirical analysis of consumer responses to gasoline price changes. In this paper, we...
Persistent link: https://www.econbiz.de/10013109861
Market exchange is subject to an endogenously determined level of predation which impedes specialization and gains from trade. We construct a model in which utility-maximizing agents opt between careers in production and careers in predation. Three types of equilibria may emerge: autarky (with...
Persistent link: https://www.econbiz.de/10014158358
This paper explores the connections between the shift of world saving toward OPEC and the changing structure of U … become more interdependent through trade with the newly industrializing countries (NICs) in the developing world. The shift … of world saving toward OPEC in the 1970s effectively internationalized the supply of saving, as OPEC places its surplus …
Persistent link: https://www.econbiz.de/10012750407