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Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 1010
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Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 1010
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Author:
Publisher:
ISBN:
Category : Natural gas
Languages : en
Pages : 1152
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Author:
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ISBN:
Category : Petroleum
Languages : en
Pages : 300
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Author:
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 712
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Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 252
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Author: Mr.Rabah Arezki
Publisher: International Monetary Fund
ISBN: 1513590766
Category : Business & Economics
Languages : en
Pages : 54
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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: Michael L. Ross
Publisher: Princeton University Press
ISBN: 0691159637
Category : Political Science
Languages : en
Pages : 314
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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:
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Category : Petroleum as fuel
Languages : en
Pages : 492
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Author: Frank J. Gardner
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 348
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Author: Rinehart Oil News Company
Publisher:
ISBN:
Category : Oil fields
Languages : en
Pages : 41
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