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from these individual firms is driven by hold-up risks, because oil trade is often associated with backward vertical FDI …
Persistent link: https://www.econbiz.de/10010787068
when oil transactions via term contracts are associated with backward vertical FDI that is subject to expropriation. In …
Persistent link: https://www.econbiz.de/10011188592
hold-up risks, because oil trade is often associated with backward vertical FDI. To test this hold-up risk hypothesis, we …
Persistent link: https://www.econbiz.de/10010787069
Does China’s quest for oil raise tensions with the United States? This paper examines the effect of international relations on global oil trade patterns. Using voting records for the United Nations General Assembly to measure the state of international relations, we estimate a modified gravity...
Persistent link: https://www.econbiz.de/10013292365
We use the differential access to credit of oil firms in Venezuela's Orinoco Basin to identify the economic effects of financial and oil sanctions on firm output. Using a panel of monthly firm-level oil production from 2008-2020, we provide difference-in-differences estimates showing that...
Persistent link: https://www.econbiz.de/10013460782
frictions imposed by other trade barriers. Indeed, using sector-level trade data, we show that except for petroleum and some … associated with backward vertical FDI that is subject to the risks of hold-up and expropriation. Our results suggest both …-rents derived from backward FDI in R&D may be expropriated by a hostile government …
Persistent link: https://www.econbiz.de/10013086953
Does China's quest for oil raise tensions with the United States? This paper examines the effect of international relations on global oil trade patterns. Using voting records for the United Nations General Assembly to measure the state of international relations, we estimate a modified gravity...
Persistent link: https://www.econbiz.de/10009350585
Motivated by the European Union's debate on sanctioning crude oil imports from Russia, we estimate the elasticity of substitution between different crude oil types. Using European data on country-level crude oil imports by field of origin, we argue that crude oil is not a homogenous good and...
Persistent link: https://www.econbiz.de/10014364721
This article contributes to the debate about the impact of the U.S. fracking boom on U.S. oil imports, on Arab oil exports, and on the global price of crude oil. First, I investigate the extent to which this oil boom has caused Arab oil exports to the United States to decline since late 2008....
Persistent link: https://www.econbiz.de/10011422578
“Being rich in energy resources – a blessing or a curse” finds that an energy resource curse plagues many EU supplier states. This in turn directly affects Europe’s energy supply security and threatens to engulf Europe in unwanted hostilities at home and abroad. The study addresses seven...
Persistent link: https://www.econbiz.de/10005835694