Showing 1 - 8 of 8
Market share OPEC lost in defending higher prices from 1979-1985 is being steadily regained and is projected to exceed … 50% by 2000. World oil markets are likely to be as vulnerable to monopoly influence as they were 20 years ago, as OPEC … pricing. A simulated 2-year supply reduction in 2005-6 boosts OPEC revenues by roughly half a trillion dollars and costs the …
Persistent link: https://www.econbiz.de/10009436141
The partial monopolization of the world oil market by the OPEC cartel has produced significant economic costs to the …-1991. Two fundamental assumptions of the analysis are, (1) that OPEC has acted as a monopoly, albeit with limited control … of the OPEC Cartel have also produced oil price shocks, both upward and downward, that generate additional costs because …
Persistent link: https://www.econbiz.de/10009436142
long run and given the ability of the OPEC cartel to use market power to influence oil prices. Although oil prices have … been lower and more stable over the past decade, OPEC still holds the majority of the world`s conventional oil resources … according to the best available estimates. OPEC`s share of the world oil market is likely to grow significantly in the future …
Persistent link: https://www.econbiz.de/10009436690
Market share OPEC lost in defending higher prices from 1979-1985 is being steadily regained and is projected to exceed … 50% by 2000. World oil markets are likely to be as vulnerable to monopoly influence as they were 20 years ago, as OPEC … pricing. A simulated 2-year supply reduction in 2005-6 boosts OPEC revenues by roughly half a trillion dollars and costs the U …
Persistent link: https://www.econbiz.de/10009437318
development of government spending in major sections shapes the political institutions in Iran. This question has become … especially important due to recent international sanctions, aiming to change the political behavior of Iran. We use the impulse … provision spending in Iran. The results imply that a shock in positive changes of democratic quality of institutions leads to …
Persistent link: https://www.econbiz.de/10010732205
development of government spending in major sections shapes the political institutions in Iran. This question has become … especially important due to recent international sanctions, aiming to change the political behavior of Iran. We use the impulse … provision spending in Iran. The results imply that a shock in positive changes of democratic quality of institutions leads to …
Persistent link: https://www.econbiz.de/10010739347
expenditures in Iran as a developing oil export based economy. Moreover, I want to know how oil price (revenue) shocks can affect … evidence for the reverse causality is very weak. Overall the results support the revenue–spending hypothesis for Iran. My …
Persistent link: https://www.econbiz.de/10010781964
In order to explain why successes of economic sanctions predominantly occur in the first two years of a sanction episode, we analyse the dynamic economic and political impact of an economic sanction. Our theoretical analysis of the dynamics of adjustment gives us two important results: firstly,...
Persistent link: https://www.econbiz.de/10011134696