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mean and volatility. The endogenous structural breakpoint unit root test, ARDL model, and alternative volatility models … price while the volatility of global fertilizer prices and crude oil price from March to December 2008 are higher than in …
Persistent link: https://www.econbiz.de/10010326493
not increase or decrease without bounds as the refining industry continued to adjust to increasing demand for petroleum …
Persistent link: https://www.econbiz.de/10012663524
Persistent link: https://www.econbiz.de/10012663527
This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the Dutch disease and the resource curse, which primarily focus on short run...
Persistent link: https://www.econbiz.de/10010276267
Persistent link: https://www.econbiz.de/10012663518
The unparalleled surge of the crude oil price after 2003 has triggered a heated scientific and public debate about its ultimate causes. Unexpected demand growth particularly from emerging economies appears to be the most prominently supported reason among academics. We study the price dynamics...
Persistent link: https://www.econbiz.de/10011753232
unpredictable. Such volatility of fiscal revenues is undesirable, especially for a country that tries to implement a poverty … prices are low. The effect of oil price volatility on the Bolivian economy is evaluated in a CGE model and the advantages and …
Persistent link: https://www.econbiz.de/10010294229
Whether fiscal policy is sustainable depends on a government's future revenue and expenditure streams, both of which are highly uncertain. In commodity-rich countries, this problem is intensified by unpredictable and volatile commodity prices. We show how spending rules for oil income and...
Persistent link: https://www.econbiz.de/10010325791
dominated by the indirect effect via the export channel. Services do not face any effects of volatility on R&D intensities …A recent literature has pointed at potential negative effects of exchange rate volatility on innovation. In this paper …, we propose that there may be a direct effect as well as an indirect effect via export activity. We test these hypotheses …
Persistent link: https://www.econbiz.de/10010265242
dominated by the indirect effect via the export channel. Services do not face any effects of volatility on R&D intensities …A recent literature has pointed at potential negative effects of exchange rate volatility on innovation. In this paper …, we propose that there may be a direct effect as well as an indirect effect via export activity. We test these hypotheses …
Persistent link: https://www.econbiz.de/10010278015