News Shocks in Open Economies PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download News Shocks in Open Economies PDF full book. Access full book title News Shocks in Open Economies by Mr. Rabah Arezki. Download full books in PDF and EPUB format.
Author: Mr. Rabah Arezki
Publisher: International Monetary Fund
ISBN: 1513590766
Category : Business & Economics
Languages : en
Pages : 54
Get Book
Book Description
This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output ? the delay between a discovery and production is on average 4 to 6 years. We first present a two-sector small open economy model in order to predict the responses of macroeconomic aggregates to news of an oil discovery. We then estimate the effects of giant oil discoveries on a large panel of countries. Our empirical estimates are consistent with the predictions of the model. After an oil discovery, the current account and saving rate decline for the first 5 years and then rise sharply during the ensuing years. Investment rises robustly soon after the news arrives, while GDP does not increase until after 5 years. Employment rates fall slightly for a sustained period of time.
Author: Mr. Rabah Arezki
Publisher: International Monetary Fund
ISBN: 1513590766
Category : Business & Economics
Languages : en
Pages : 54
Get Book
Book Description
This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output ? the delay between a discovery and production is on average 4 to 6 years. We first present a two-sector small open economy model in order to predict the responses of macroeconomic aggregates to news of an oil discovery. We then estimate the effects of giant oil discoveries on a large panel of countries. Our empirical estimates are consistent with the predictions of the model. After an oil discovery, the current account and saving rate decline for the first 5 years and then rise sharply during the ensuing years. Investment rises robustly soon after the news arrives, while GDP does not increase until after 5 years. Employment rates fall slightly for a sustained period of time.
Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 1012
Get Book
Book Description
Author:
Publisher:
ISBN:
Category : Natural gas
Languages : en
Pages : 1152
Get Book
Book Description
Author:
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 300
Get Book
Book Description
Author: Jack R. Westbrook
Publisher: Arcadia Publishing
ISBN: 9780738540566
Category : History
Languages : en
Pages : 130
Get Book
Book Description
Michigan is commonly recognized as a manufacturing center and for its splendid tourist attractions. Lesser known is Michigan's role as a leader in the production of oil and gas. Since the discovery of commercial quantities of oil in Saginaw in 1925, Michigan has grown to become the 12th-largest natural gas and 17th-largest crude oil producer of the 34 states producing oil and gas. Michigan's petroleum heritage spans 64 of the state's 68 Lower Peninsula counties and has played a role in shielding communities from the financial devastation of the Great Depression, funding acquisition of hundreds of public recreation projects through the Michigan Natural Resources Trust Fund, and rising to meet environmental challenges through improving technologies. Michigan Oil and Gas documents that heritage with photographs from the Clarke Historical Library Norman X. Lyon and Michigan Oil & Gas News Collections.
Author: Michael L. Ross
Publisher: Princeton University Press
ISBN: 0691159637
Category : Political Science
Languages : en
Pages : 314
Get Book
Book Description
Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats--and twice as likely to descend into civil war--than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 1328
Get Book
Book Description
Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 252
Get Book
Book Description
Author:
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 1630
Get Book
Book Description
Vols. for 1946-47 include as sect. 2 of a regular no., World oil atlas.
Author: Eric Jay Dolin
Publisher: W. W. Norton & Company
ISBN: 0393066665
Category : History
Languages : en
Pages : 512
Get Book
Book Description
A Los Angeles Times Best Non-Fiction Book of 2007 A Boston Globe Best Non-Fiction Book of 2007 Amazon.com Editors pick as one of the 10 best history books of 2007 Winner of the 2007 John Lyman Award for U. S. Maritime History, given by the North American Society for Oceanic History "The best history of American whaling to come along in a generation." —Nathaniel Philbrick The epic history of the "iron men in wooden boats" who built an industrial empire through the pursuit of whales. "To produce a mighty book, you must choose a mighty theme," Herman Melville proclaimed, and this absorbing history demonstrates that few things can capture the sheer danger and desperation of men on the deep sea as dramatically as whaling. Eric Jay Dolin begins his vivid narrative with Captain John Smith's botched whaling expedition to the New World in 1614. He then chronicles the rise of a burgeoning industry—from its brutal struggles during the Revolutionary period to its golden age in the mid-1800s when a fleet of more than 700 ships hunted the seas and American whale oil lit the world, to its decline as the twentieth century dawned. This sweeping social and economic history provides rich and often fantastic accounts of the men themselves, who mutinied, murdered, rioted, deserted, drank, scrimshawed, and recorded their experiences in journals and memoirs. Containing a wealth of naturalistic detail on whales, Leviathan is the most original and stirring history of American whaling in many decades.
