oil intensities and oil prices: evidence for latin america

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4./5 ( download)

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Book Synopsis oil intensities and oil prices: evidence for latin america by : Humberto Lopez

Download or read book oil intensities and oil prices: evidence for latin america written by Humberto Lopez and published by World Bank Publications. This book was released on 2008 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Crude oil prices have dramatically increased over the past years and are now at a historical maximum in nominal terms and very close to it in real terms. It is difficult to argue, at least for net oil importers, that higher oil prices have a positive impact on welfare. In fact, the negative relationship between oil prices and economic activity has been well documented in the literature. Yet, to the extent that higher oil prices lead to lower oil consumption, it would be possible to argue that not all the effects of a price increase are negative. Climate change concerns have been on the rise in recent years and fossil fuel consumption is generally viewed as one of the main causes behind it. Thus this paper explores whether higher oil prices contribute to lowering oil intensities (that is, oil consumption per unit of gross domestic product). The findings show that following an increase in oil prices, OECD countries tend to reduce oil intensity. However, the same result does not hold for Latin America (and more generally for middle-income countries) where oil intensities appear to be unaffected by oil prices. The paper also explores why this is so.

Oil Intensities and Oil Prices

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Author :
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Oil Intensities and Oil Prices by : Veronica Alaimo

Download or read book Oil Intensities and Oil Prices written by Veronica Alaimo and published by . This book was released on 2016 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crude oil prices have dramatically increased over the past years and are now at a historical maximum in nominal terms and very close to it in real terms. It is difficult to argue, at least for net oil importers, that higher oil prices have a positive impact on welfare. In fact, the negative relationship between oil prices and economic activity has been well documented in the literature. Yet, to the extent that higher oil prices lead to lower oil consumption, it would be possible to argue that not all the effects of a price increase are negative. Climate change concerns have been on the rise in recent years and fossil fuel consumption is generally viewed as one of the main causes behind it. Thus this paper explores whether higher oil prices contribute to lowering oil intensities (that is, oil consumption per unit of gross domestic product). The findings show that following an increase in oil prices, OECD countries tend to reduce oil intensity. However, the same result does not hold for Latin America (and more generally for middle-income countries) where oil intensities appear to be unaffected by oil prices. The paper also explores why this is so.

Oil Intensities and Oil Prices

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Oil Intensities and Oil Prices by : Veronica Alaimo

Download or read book Oil Intensities and Oil Prices written by Veronica Alaimo and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Crude oil prices have dramatically increased over the past years and are now at a historical maximum in nominal terms and very close to it in real terms. It is difficult to argue, at least for net oil importers, that higher oil prices have a positive impact on welfare. In fact, the negative relationship between oil prices and economic activity has been well documented in the literature. Yet, to the extent that higher oil prices lead to lower oil consumption, it would be possible to argue that not all the effects of a price increase are negative. Climate change concerns have been on the rise in recent years and fossil fuel consumption is generally viewed as one of the main causes behind it. Thus this paper explores whether higher oil prices contribute to lowering oil intensities (that is, oil consumption per unit of gross domestic product). The findings show that following an increase in oil prices, OECD countries tend to reduce oil intensity. However, the same result does not hold for Latin America (and more generally for middle-income countries) where oil intensities appear to be unaffected by oil prices. The paper also explores why this is so.

Monetary Policy and Crude Oil

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1786437899
Total Pages : 304 pages
Book Rating : 4.7/5 (864 download)

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Book Synopsis Monetary Policy and Crude Oil by : Basil Oberholzer

Download or read book Monetary Policy and Crude Oil written by Basil Oberholzer and published by Edward Elgar Publishing. This book was released on 2017-07-28 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global crude oil market is critically important in many respects. It is the fuel that drives the global economy and, as such, is the focus of climate policies. Moreover, crude oil is the basis of a tradable financial asset. It is therefore connected to several outstanding macroeconomic developments of recent years, including financial market fluctuations, the financial crisis and the exceptional conduct of monetary policy. This book investigates the impacts of monetary policy and the financial system on the global crude oil market. Furthermore, it outlines how monetary policy may also be used to guarantee stability and to contribute to ecological sustainability.

Overcoming Vulnerability to Rising Oil Prices

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Publisher : UN
ISBN 13 :
Total Pages : 178 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Overcoming Vulnerability to Rising Oil Prices by :

Download or read book Overcoming Vulnerability to Rising Oil Prices written by and published by UN. This book was released on 2007 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Soaring oil prices are threatening the prospects of millions of people in the developing world and posing an unforeseen challenge to the Millennium Development Goals. This report examines the impact of rising oil prices since 2003 on developing countries of the Asia-Pacific region. It represents a set of policy options and priorities that can help reduce national vulnerability to future price rises and protect the interests of the poor. The report also includes field studies carried out in rural and urban areas of four countries: China, India, Indonesia and Lao PDR.

World Oil Prices

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Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis World Oil Prices by : Yousuf Hasan Mohammad

Download or read book World Oil Prices written by Yousuf Hasan Mohammad and published by . This book was released on 1990 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Price of Oil

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Publisher : Cambridge University Press
ISBN 13 : 1107110017
Total Pages : 253 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis The Price of Oil by : Roberto F. Aguilera

Download or read book The Price of Oil written by Roberto F. Aguilera and published by Cambridge University Press. This book was released on 2016 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains why oil prices rose so spectacularly in the past and examines how they will be suppressed in the future.

Review and Outlook for the World Oil Market

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821334430
Total Pages : 174 pages
Book Rating : 4.3/5 (344 download)

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Book Synopsis Review and Outlook for the World Oil Market by : Shane S. Streifel

Download or read book Review and Outlook for the World Oil Market written by Shane S. Streifel and published by World Bank Publications. This book was released on 1995-01-01 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the collapse of the Soviet system, the immense problems of environmental pollution in Central and Eastern Europe were widely publicized. Less well known were its effects on health in the region, which have led to a serious health crisis. This report examines the degree to which the pollution adversely affected human health, putting it in the context of other health determinants such as socioeconomic factors, health care standards and availability, and lifestyle factors. Among the numerous pollutants, the report points to lead, dust, toxic gases, and nitrates in rural water supplies as having a significant impact on health in Central and Eastern Europe. The author suggests possible avenues for international action. However, an analysis of the determinants of health reveals that addressing the pollution problems alone will not solve the health crisis. Improving health in this region will depend on the changing economic fortunes of individual countries and the ability of each to create a supportive social environment for its citizens.

Oil Prices and the Global Economy

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Publisher : International Monetary Fund
ISBN 13 : 1475572360
Total Pages : 30 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Oil Prices and the Global Economy by : Mr.Rabah Arezki

Download or read book Oil Prices and the Global Economy written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2017-01-27 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.

International Oil Markets in the Age of Climate Change

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Publisher : Springer Nature
ISBN 13 : 3031609905
Total Pages : 207 pages
Book Rating : 4.0/5 (316 download)

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Book Synopsis International Oil Markets in the Age of Climate Change by : Adi Imsirovic

Download or read book International Oil Markets in the Age of Climate Change written by Adi Imsirovic and published by Springer Nature. This book was released on with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Oil Price Developments – Drivers, Economic Consequences and Policy Responses

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Publisher : GRIN Verlag
ISBN 13 : 3640297687
Total Pages : 75 pages
Book Rating : 4.6/5 (42 download)

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Book Synopsis Oil Price Developments – Drivers, Economic Consequences and Policy Responses by : Nadine Pahl

Download or read book Oil Price Developments – Drivers, Economic Consequences and Policy Responses written by Nadine Pahl and published by GRIN Verlag. This book was released on 2009-03-27 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2007 in the subject Business economics - Economic Policy, grade: 1,0, University of Applied Sciences Berlin, course: General Economics, language: English, abstract: Oil prices are an important determinant of global economic performance. Crude Oil prices ranged between $2.50/bbl and $3.00/bbl from 1948 through the end of the 1960s. As of this day, the price for crude oil is $89.82/bbl. In general, spikes in oil prices are not unusual and are, to some extent, symptomatic of a gradual upward trend in daily oil price volatility. Volatile prices arise from supply and demand that are both highly inelastic in the short run, with the result that even small shocks can have large effects on price. But especially within the last few years, the oil price has continuously increased sharply – and to some extent unexpected. This recent sharp increase in the oil price prompts several questions: Why have oil prices risen? What is the impact on the global economy and on individual countries? How do oil importing countries cope with the higher prices? What are appropriate policy responses to stabilise the economy in face of high oil prices? And last but not least, what role does the Organisation of Petroleum Exporting Countries really play? To begin with, there is no doubt that the recent increase in oil price is mainly demand driven, combined with historically low excess capacity and heightened concerns about supply disruptions. And even without macroeconomic knowledge, everyone is aware that higher oil prices affect the economy as a whole and all its market participants. In the following, this paper analyses in detail the current main oil price drivers, their economic consequences and the possible policy responses - always framed by the volatility and uncertainty that characterise the oil market.

The Linkage between the Oil and Non-oil Sectors

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1455200778
Total Pages : 27 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis The Linkage between the Oil and Non-oil Sectors by : Nir Klein

Download or read book The Linkage between the Oil and Non-oil Sectors written by Nir Klein and published by International Monetary Fund. This book was released on 2010-05-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent empirical studies have shown an inverse relation between natural resource intensity and long-term growth, implying that the natural resources generally impede economic growth through various channels (the “natural resource curse”). This paper departs from these studies by exploring the intersectoral linkages between oil and non-oil sectors in a cross-country perspective. The paper shows that the applicability of “natural resource curse” across oilbased economies should be treated with caution as the externalities of the oil sector highly depend on the countries’ degree of oil-intensity. In particular, the results show that, in low oil-intensity economies, the incentives to strengthen both fiscal and private sector institutions lead to positive inter-sectoral externalities. In contrast, weaker incentives in high oil-intensity economies adversely affect fiscal and private sector institutions and consequently lead to negative inter-sectoral externalities.

Global Implications of Lower Oil Prices

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Publisher : International Monetary Fund
ISBN 13 : 151357227X
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Global Implications of Lower Oil Prices by : Mr. Aasim M. Husain

Download or read book Global Implications of Lower Oil Prices written by Mr. Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.

Oil Supply and Prices

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Author :
Publisher :
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Oil Supply and Prices by : United States. Congress. Senate. Committee on Energy and Natural Resources

Download or read book Oil Supply and Prices written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 2003 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Future of Oil and Fiscal Sustainability in the GCC Region

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513525905
Total Pages : 55 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Future of Oil and Fiscal Sustainability in the GCC Region by : Mr.Tokhir N Mirzoev

Download or read book The Future of Oil and Fiscal Sustainability in the GCC Region written by Mr.Tokhir N Mirzoev and published by International Monetary Fund. This book was released on 2020-02-06 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.

Crude Oil Supply, Gasoline Demand, and the Effects on Prices

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Author :
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (51 download)

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Book Synopsis Crude Oil Supply, Gasoline Demand, and the Effects on Prices by : United States. Congress. Senate. Committee on Energy and Natural Resources

Download or read book Crude Oil Supply, Gasoline Demand, and the Effects on Prices written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Oil Prices, Energy Security, and Import Policy

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Author :
Publisher : Routledge
ISBN 13 : 1317375971
Total Pages : 224 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Oil Prices, Energy Security, and Import Policy by : Douglas R. Bohi

Download or read book Oil Prices, Energy Security, and Import Policy written by Douglas R. Bohi and published by Routledge. This book was released on 2015-08-11 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, first published in 1982, takes the interaction between the domestic economy and the international trade in oil and, through the use of a consistent microeconomic framework, examines the conditions under which energy and related policies may or may not improve the performance of the U.S. economy, during both normal periods and old supply disruptions. This title will be of interests to students of environmental management.