New Constraints in Absorptive Capacity and the Optimum Rate of Petroleum Output 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 New Constraints in Absorptive Capacity and the Optimum Rate of Petroleum Output PDF full book. Access full book title New Constraints in Absorptive Capacity and the Optimum Rate of Petroleum Output by . Download full books in PDF and EPUB format.
Author: Publisher: ISBN: Category : Languages : en Pages :
Book Description
Economic policy in four oil-producing countries is analyzed within a framework that combines a qualitative assessment of the policy-making process with an empirical formulation based on historical and current trends in these countries. The concept of absorptive capacity is used to analyze the optimum rates of petroleum production in Iran, Iraq, Saudi Arabia, and Kuwait. A control solution with an econometric model is developed which is then modified for alternative development strategies based on analysis of factors influencing production decisions. The study shows the consistencies and inconsistencies between the goals of economic growth, oil production, and exports, and the constraints on economic development. Simulation experiments incorporated a number of the constraints on absorptive capacity. Impact of other constraints such as income distribution and political stability is considered qualitatively. (DLC).
Author: Publisher: ISBN: Category : Languages : en Pages :
Book Description
Economic policy in four oil-producing countries is analyzed within a framework that combines a qualitative assessment of the policy-making process with an empirical formulation based on historical and current trends in these countries. The concept of absorptive capacity is used to analyze the optimum rates of petroleum production in Iran, Iraq, Saudi Arabia, and Kuwait. A control solution with an econometric model is developed which is then modified for alternative development strategies based on analysis of factors influencing production decisions. The study shows the consistencies and inconsistencies between the goals of economic growth, oil production, and exports, and the constraints on economic development. Simulation experiments incorporated a number of the constraints on absorptive capacity. Impact of other constraints such as income distribution and political stability is considered qualitatively. (DLC).
Author: Ragaei el Mallakh Publisher: Routledge ISBN: 1317592042 Category : Social Science Languages : en Pages : 429
Book Description
Saudi Arabia is one of the most controversial and least known of the Arab nations. A land of massive contrasts – between its densely populated cities and its vast expanses of desert; between the recent poverty of its villages and the massive wealth created by oil, which is drawing a labour force from most of the neighbouring countries; between the aggressive technocratic and industrial thrust forward and the strongly traditionalist Islamic basis of the ruling ideologies – it has progressed to world prominence in a matter of years after centuries of little or no change. The change is not so much a surge, or even a thrust, as a rush into the industrialized and wealthy world. This book analyzes the problems and achievements of Saudi development and provides the first detailed critique of the Third Development Plan. First published in 1982.
Author: International Monetary Fund. Strategy, Policy, & Review Department Publisher: International Monetary Fund ISBN: 1498340008 Category : Business & Economics Languages : en Pages : 104
Book Description
This supplement presents the analytical frameworks underlying the IMF’s staff’s enhanced policy analysis and advice to resource-rich developing countries (RRDCs). The proposed macro-fiscal models, which are applied to selected country or regional cases, are aimed at addressing questions regarding how to deal with resource revenue uncertainty and how to scale up spending within relevant frameworks that ensure fiscal and external sustainability while addressing absorptive capacity constraints. The country applications confirm the importance attached by both IMF staff and country authorities of using the appropriate macro-fiscal frameworks to address the specific challenges faced by RRDCs.
Author: Various Authors Publisher: Routledge ISBN: 1317222679 Category : Business & Economics Languages : en Pages : 2879
Book Description
The books in this set, originally published between 1927 and 1996 discuss the oil industry and its impact on the world economy in the twentieth century. The issues of trade, tax and energy policies as well as national security are all relevant to the economics politics of oil and the volumes analyse and discuss: The extent to which American dominance in world affairs is based on the control of oil resources and the changes which will inevitably take place with the end of the oil era. Discernible trends in such crucial areas as global petroleum supply and pricing, and the international economic and political implications of both. The role of wealth maximisation, and wealth satisficing The impact of North Sea oil and gas on the British economy. Relations between oil exporters and importers, and between the USA, Europe and the Arab world The most important strategic issues facing both the producers and consumers of oil and gas.
Author: Juliana Dutra Araujo Publisher: International Monetary Fund ISBN: 1484396030 Category : Business & Economics Languages : en Pages : 34
Book Description
The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses. Resource-rich developing countries (RRDCs), on the other hand, face substantial development needs and tight external borrowing constraints. By relaxing these constraints and providing a key financing source for public investment in RRDCs, temporary resource revenues might then be associated with current account deficits, or at least low surpluses. This paper develops a neoclassical model with private and public investment and several frictions that capture pervasive features in RRDCs, including absorptive capacity constraints, inefficiencies in investment, and borrowing constraints that can be relaxed when natural resources lower the country risk premium. The model is used to study the role of investment and these frictions in shaping the current account dynamics under windfalls. Since consumption and investment decisions are optimal, the model also serves to provide current account benchmarks (norms). We apply the model to the Economic and Monetary Community of Central Africa and discuss how our results can be used to inform the current account norm analysis pursued at the International Monetary Fund.
Author: James M. Griffin Publisher: Routledge ISBN: 1317237781 Category : Business & Economics Languages : en Pages : 242
Book Description
This volume, originally published in 1982, brings together economists, political scientists and industry experts to explain OPEC’s past achievements and future (in the early 1980s) prospects. The book opens with a clear, concise amd easy to follow treatment of the economics of exhaustible resources under monopoly and competition, the framework frequently used to examine pricing issues. The role of wealth maximisation, wealth satisficing and political factors as OPEC objectives are discussed and implications for world oil prices assessed. The stability of OPEC and the limitations of its pricing policy are examined and OPEC oil pricing and importers’ policies analysed.
Author: 
Author: 
Author: 
Author: 
Author: Ragaei el Mallakh
Author: 
Author: International Monetary Fund. Strategy, Policy, & Review Department
Author: Various Authors
Author: Juliana Dutra Araujo
Author: James M. Griffin
Author: Rockefeller Foundation