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Hao-Yen Yang, “Fuel Taxes and the Distribution of Income in Taiwan.” The purpose of this paper is to evaluate the income-distribution implications ...
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Hao-Yen Yang, “Fuel Taxes and the Distribution of Income in Taiwan.” The purpose of this paper is to evaluate the income-distribution implications for the Taiwan economy of (1) a fuel tax on the carbon content of fossil fuels and (2) a fuel tax on the heat content of fossil fuels. The estimates are derived from a five-household, 18-sector computable general equilibrium model calibrated to a 1995 social accounting matrix.
Gawdat Bahgat, “The New Political Economy of Oil in the Arabian/Persian Gulf: A Comparative Analysis.” Iran, Iraq, Kuwait, and Saudi Arabia combined hold more than half of the world’s proven oil reserves and approximately one-quarter of its proven natural gas reserves. In the 1970s these four countries nationalized their energy resources and banned international oil companies’ participation in the upstream sector of the industry. Since the late 1990s, however, there have been increasing signs of change in attitude and policy. This study examines the reasons and proposed changes in each country.
Øystein Noreng, “Liberalization, Integration, and Specialization: The Restructuring of the European Oil Industry.” This paper looks at the energy market liberalization that took place in the European Union and its ramifications for the upstream oil sector.
Hendrik Van den Berg and Atrayee Ghosh Roy, “Are Petroleum Exports an Engine for Growth? Time-Series Evidence for Five Oil Exporters.” Researchers have repeatedly confirmed that international trade and economic growth are positively related, yet some writers still doubt that primary exports can promote long-run economic growth. The sharp rises in oil prices in the 1970's and 2000 suggest that petroleum exports may be a better “engine for growth” than other primary products. Using modern time-series methods and a simultaneous equation regression model, the relationship between petroleum exports and economic growth is tested for five petroleum exporters (Iran, Mexico, Nigeria, Ecuador, and Venezuela).
Mohammed Akacem, “Algeria’s Oil Policy: The Battle for Control.” This article discusses the battle for control between the Algerian Ministry of Oil and Gas and the state-owned oil/gas company Sonatrach.
Nadeem A. Burney and Nadia Al-Mussallam, “Socioeconomic Development and Public Expenditure: Evidence from an Oil-Exporting Gulf Economy.” This paper examines the relationship in Kuwait between public expenditure and a number of socioeconomic variables, including the level of income. The paper derives a general form of the public expenditure function, which is estimated using time-series data covering the period from 1969/1970 to 1994/1995.
Huei-Chu Liao and Tsung-Hsien Yu, “An Examination of Current Crude-Oil Price Formulas.” World crude oils are very different in their characteristics such as sulfur content and specific gravity. This phenomenon, combined with the volatility of energy prices, bring confusion for most market participants in deciding a right price for a crude. The hedonic model is used here to find a real price of world crude oils; the model successfully links the relationship of crude-oil price and its quality.
M. Nagy Eltony and Naief H. Al-Mutairi, “Economic Development and Financial Deepening Revisited: A Case Study of Kuwait.” The purpose of this study is to examine empirically the relationship between economic development and financial-sector performance in Kuwait.
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