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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...
Persistent link: https://www.econbiz.de/10003897747
Persistent link: https://www.econbiz.de/10003898385
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...
Persistent link: https://www.econbiz.de/10003909263
Persistent link: https://www.econbiz.de/10010239563
Persistent link: https://www.econbiz.de/10012027448
The US set an oil export ban after the Iranian crisis in the 1970s due to energy security issues. Since US oil … produced by shale development, this contributed to a bigger cause to end the export ban. After several discussions, both … oil export ban in US. We will then look into the prospect theories of how the lift of ban would effect the oil market …
Persistent link: https://www.econbiz.de/10014264994
Persistent link: https://www.econbiz.de/10009570266
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"For over eighty years the Arab region has derived massive wealth from its natural resources, yet the region's economies remain little diversified, while the oil market is experiencing major structural shifts with the advent of shale gas. Moreover, the resource itself is eventually exhaustible....
Persistent link: https://www.econbiz.de/10011444915