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Author : Lars Matthiessen
Release : 1982-06-18
Genre : Business & Economics
Kind : eBook
Book Rating : 614/5 ( reviews)
Book Synopsis The Impact of Rising Oil Prices on the World Economy by : Lars Matthiessen
Download or read book The Impact of Rising Oil Prices on the World Economy written by Lars Matthiessen. This book was released on 1982-06-18. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lars Matthiessen
Release : 1968
Genre : International economic relations
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The Impact of Rising Oil Prices on the World Economy by : Lars Matthiessen
Download or read book The Impact of Rising Oil Prices on the World Economy written by Lars Matthiessen. This book was released on 1968. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Vivian Randhawa
Release : 2018-05-14
Genre : Business & Economics
Kind : eBook
Book Rating : 942/5 ( reviews)
Book Synopsis The impact of oil price dynamics on global economy by : Vivian Randhawa
Download or read book The impact of oil price dynamics on global economy written by Vivian Randhawa. This book was released on 2018-05-14. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2014 in the subject Business economics - Trade and Distribution, grade: 1,7, Hamburg University of Applied Sciences, language: English, abstract: After oil was discovered in the late 19th century, oil prices were primarily determined first by the major petroleum companies and then by the oil-exporting nations, who joined forces in the Organization of Petroleum Exporting Countries (OPEC). In the 1960s, the market-oriented pricing system was adopted and since then oil prices are primarily formed by supply and demand. Oil prices are characterized by permanent price fluctuations. Especially rapid price rises and longer-term fluctuations are at the focus of many scientific work. Because oil is an indispensable resource for the global economy, the question arises after the economic impacts of such price developments. While oil- exporting countries benefit from strong price rises, oil- importing countries, with emerging countries leading the way, are negatively affected. The interplay of these opposite effects and the global economic situation are crucial for the net effect on global economy.
Author : Mr. Kangni R Kpodar
Release : 2021-11-12
Genre : Business & Economics
Kind : eBook
Book Rating : 154/5 ( reviews)
Book Synopsis The Distributional Implications of the Impact of Fuel Price Increases on Inflation by : Mr. Kangni R Kpodar
Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar. This book was released on 2021-11-12. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Author : Mr.Rabah Arezki
Release : 2017-01-27
Genre : Business & Economics
Kind : eBook
Book Rating : 360/5 ( reviews)
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. This book was released on 2017-01-27. 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.
