Bretschger, Lucas; Valente, Simone - CER-ETH Center of Economic Research, Department of … - 2011
augmented net investment for the world's top twenty oil producers, we show that the difference with standard non … than previously thought in oil-exporting countries endowed with large reserves like Angola, Azerbaijan, Kuwait, Saudi … Arabia and Venezuela. In oil-importing economies, future consumption possibilities are limited by the lack of expected rental …