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Oil Price Risks and Pump Price Adjustments
Kojima, Masami - 2017
pass-through to consumers of increases in world prices of gasoline, diesel, kerosene, and liquefied petroleum gas between … orders of magnitude in 2012, and oil-exporting countries were far less likely to pass on price increases. Gasoline had the … for gasoline, diesel, and kerosene, but was highest in low-income countries for liquefied petroleum gas. Despite divergent …
Persistent link: https://www.econbiz.de/10012974899
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Sources of Volatility During Four Oil Price Crashes
Baffes, John - 2017
Previous sharp oil price declines have been accompanied by elevated ex post volatility. In contrast, volatility was much less elevated during the oil price crash in 2014/15. This paper provides evidence that oil prices declined in a relatively measured manner during 2014/15, with dispersion of...
Persistent link: https://www.econbiz.de/10012970942
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The 2014-16 Oil Price Collapse in Retrospect : Sources and Implications
Stocker, Marc - 2018
With the benefit of hindsight, this paper provides a fresh and comprehensive look at the causes of the 2014-16 collapse in oil prices and its impact on the global economy. It disentangles the contribution of supply and demand factors, assesses the impact on activity in oil exporters and oil...
Persistent link: https://www.econbiz.de/10012920304
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Sharing Oil Rents and Political Violence
Cordella, Tito - 2017
This paper investigates how the devolution of oil windfalls affects the likelihood of political violence. It shows that transferring large shares of oil wealth can prevent conflict, while transferring small shares can trigger it. Among the different transfer schemes, fiscal transfers (to...
Persistent link: https://www.econbiz.de/10012967487
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How Much Does an Increase in Oil Prices Affect the Global Economy? Some Insights from a General Equilibrium Analysis
Timilsina, Govinda R. - 2017
A global computable general equilibrium model is used to analyze the economic impacts of rising oil prices with endogenously determined availability of biofuels to mitigate those impacts. The negative effects on the global economy are comparable to those found in other studies, but the impacts...
Persistent link: https://www.econbiz.de/10012974209
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Economy-Wide and Distributional Impacts of an Oil Price Shock on the South African Economy
Essama-Nssah, B. - 2017
As crude oil prices reach new highs, there is renewed concern about how external shocks will affect growth and poverty in developing countries. This paper describes a macro-micro framework for examining the structural and distributional consequences of a significant external shock-an increase in...
Persistent link: https://www.econbiz.de/10012746822
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Macroeconomic Effects of Terms-of-Trade Shocks : The Case of Oil-Exporting Countries
Spatafora, Nikola - 2017
The authors investigate the impact on economic growth and development of long-run movements in the external terms of trade, with special reference to the experience of 18 oil-exporting countries between 1973 and 1989. They argue that this sample approximates a controlled experiment for examining...
Persistent link: https://www.econbiz.de/10012746912
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How Much Would Bangladesh Gain from the Removal of Subsidies on Electricity and Natural Gas?
Timilsina, Govinda R. - 2018
As in many countries around the world, subsidies to energy in Bangladesh impose a significant fiscal burden, with benefits that disproportionately accrue to high-income households. Any reforms of energy subsidies should benefit the overall economy rather than those who use energy the most. Using...
Persistent link: https://www.econbiz.de/10012906437
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Egypt : Guiding Reform of Energy Subsidies Long-Term
Griffin, Peter - 2017
This paper examines the short- and long-run economic impact of Egypt's energy subsidy reform in July 2014 (without and …
Persistent link: https://www.econbiz.de/10012969988
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The Quest for Subsidy Reforms in Libya
Araar, Abdelkrim - 2017
distributional analysis of food and energy subsidies and simulate the impact of subsidy reforms on household wellbeing, poverty, and … the government's budget. Despite the focus on direct effects only, the results indicate that subsidy reforms would have a … institutions, and the current political instability make subsidy reforms extremely complex in Libya. It is also clear that subsidy …
Persistent link: https://www.econbiz.de/10012971941