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strives to decrease reliance on imported oil and coal, while attempting to meet growing energy demand and maintain a certain …
Persistent link: https://www.econbiz.de/10010203405
that massive transfer of oil revenues from SOFAZ to state budget after 2008 has sharply declined the impact of budget … expenditures over non-oil sector economic performance, so called fiscal policy effectiveness. Research covers 2000Q1-2018Q1 period … consider while preparing budget proposals under the pressure of low oil prices …
Persistent link: https://www.econbiz.de/10012829193
strives to decrease reliance on imported oil and coal, while attempting to meet growing energy demand and maintain a certain …
Persistent link: https://www.econbiz.de/10010732280
US state and local governments generate revenues from oil and gas production through a variety of mechanisms. In this … paper, we quantify four leading sources: (1) state taxes levied on the value or volume of oil and gas produced; (2) local … property taxes levied on the value of oil and gas property; (3) oil and gas lease revenues from state lands; and (4) oil and …
Persistent link: https://www.econbiz.de/10014123607
of the oil-rich countries. It is absolutely vital that Kazakhstan evaluate its oil-income for going out from transition … Government constituted an oil fund in order to prevent its economy from volatility of oil-revenue and price-chocks in the oil … market. This paper aims to reveal the impacts of the Kazakh Oil Fund on monetary budgetary and macroeconomic stabilities of …
Persistent link: https://www.econbiz.de/10008854410
the “Dutch Disease”, that is, if a boom in the oil and gas industry has led to a process of de-industrialization, directly …
Persistent link: https://www.econbiz.de/10011258544
In June 2008, Koreas state-owned Korea National Oil Corporation (KNOC) announced a global expansion strategy calling … for a six-fold increase in oil and gas output and a five-fold increase in proven reserves by 2012. Korea, which depends … almost entirely on foreign countries for oil supply, has been developing policies to encourage the development of overseas …
Persistent link: https://www.econbiz.de/10009364031
are considered, not only oil, and second, our work goes beyond the standard distinction between energy importing and …
Persistent link: https://www.econbiz.de/10013470533
of oil and most metals reached record levels, and their real prices reached the highest level in many years. The recent … production and refining capacity. This made the oil price sensitive to every event that had a negative influence on the oil … supply, such as the recurrent geopolitical tensions. In recent years, economic growth and inflation in the oil …
Persistent link: https://www.econbiz.de/10009357693
This paper presents evidence on the distributional effects of energy extraction by examining the recent U.S. energy boom. The boom increased local wage rates in almost every major occupational category. The increase occurred regardless of whether the occupation experienced a corresponding change...
Persistent link: https://www.econbiz.de/10011657592