Adjustment to Higher Oil Prices in Oil-importing Developing Countries
Author | : Joy Dunkerley |
Publisher | : |
Total Pages | : 13 |
Release | : 1980 |
Genre | : Developing countries |
ISBN | : |
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Author | : Joy Dunkerley |
Publisher | : |
Total Pages | : 13 |
Release | : 1980 |
Genre | : Developing countries |
ISBN | : |
Author | : Edward R. Fried |
Publisher | : Washington : Brookings Institution |
Total Pages | : 312 |
Release | : 1975 |
Genre | : Technology & Engineering |
ISBN | : |
Nine economists examine the effect of quadrupled oil prices on the world economy, weigh the merits of the various monetary and fiscal policies adapted in response, and explore how the adjustment problem is likely to change in the future.
Author | : Pradeep Mitra |
Publisher | : Cambridge University Press |
Total Pages | : 342 |
Release | : 1994-02-03 |
Genre | : Business & Economics |
ISBN | : 9780521443166 |
Analyses the impact of the oil price rises in the 1970s and 1980s on developing countries.
Author | : Mr. Kangni R Kpodar |
Publisher | : International Monetary Fund |
Total Pages | : 34 |
Release | : 2021-11-12 |
Genre | : Business & Economics |
ISBN | : 1616356154 |
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 | : Georg Koopmann |
Publisher | : Transaction Publishers |
Total Pages | : 456 |
Release | : |
Genre | : Business & Economics |
ISBN | : 9781412829946 |
The oil price increases of the 1970s left deep marks on the world economy. They led to a massive redistribution of income in favor of oil-producing countries, and caused serious disruption of growth, imbalances in foreign trade, and problems of stability in oil-importing countries. Despite the present levelling off, the authors suggest that more price increases remain a distinct possibility. "Oil and the International Economy "examines the effects of rising oil prices on the international financial system and identifies ways that oil-importing countries can overcome the financial and adjustment problems caused by them. The authors project the long-term trend in real oil prices and present economic policy options to help avoid future financial problems for industrialized and developing nations alike. Contents: The World Oil Market after the Oil Price Shocks; Future Trends in the Demand for Oil; Future Trends in the Supply of Oil; Balance-of-Payments and Exchange-Rate Adjustment: Current Account Developments in Times of Rising Oil Prices and Effects on Exchange Rates; The Effects of Real Oil Price Increases on Energy and Raw Material Prices; Repercussions on the General Price Level; Implications for the German Monetary and Exchange Rate Policy; Are Real Oil Price Increases a Brake on Growth?; Options for Economic Policy; The Struggle for Markets in the Oil-Producing Countries; The Oil-Producing Countries as Competitors in the Manufacturing Sector; Consequences for Trade Between Oil-Importing Countries.
Author | : Andrew MacKillop |
Publisher | : Burns & Oates |
Total Pages | : 200 |
Release | : 1983 |
Genre | : Social Science |
ISBN | : |
Case studies analysing the impact of petroleum price increase and monetary policies for major OECD countries on economic adjustment in petroleum exporting countries (Bangladesh, Sri Lanka, Kenya, Senegal, Peru and Jamaica) - examines commodity Terms of Trade, gross domestic products, current account deficit, external debt, energy consumption, and petroleum product prices; reviews world economic trends, 1970 to 1980, agricultural sector perspectives, and alternative energy source issues in developing countries. Graphs and statistical tables.
Author | : In June Kim |
Publisher | : |
Total Pages | : 326 |
Release | : 1979 |
Genre | : Developing countries |
ISBN | : |
Author | : Georg Koopmann |
Publisher | : Routledge |
Total Pages | : 222 |
Release | : 2022-01-26 |
Genre | : Business & Economics |
ISBN | : 1000678431 |
The oil price increases of the 1970s left deep marks on the world economy. They led to a massive redistribution of income in favor of oil-producing countries, and caused serious disruption of growth, imbalances in foreign trade, and problems of stability in oil-importing countries. Despite the present levelling off, the authors suggest that more price increases remain a distinct possibility.Oil and the International Economy examines the effects of rising oil prices on the international financial system and identifies ways that oil-importing countries can overcome the financial and adjustment problems caused by them. The authors project the long-term trend in real oil prices and present economic policy options to help avoid future financial problems for industrialized and developing nations alike.
Author | : Mr.Aasim M. Husain |
Publisher | : International Monetary Fund |
Total Pages | : 41 |
Release | : 2015-07-14 |
Genre | : Business & Economics |
ISBN | : 151357227X |
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.