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Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009

This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...

Persistent link: https://www.econbiz.de/10003897747

The international economics of natural resources and growth

Thorvaldur Gylfason (contributor) - 2007

Persistent link: https://www.econbiz.de/10003497703

Resource windfalls, macroeconomic stability and growth : the role of political institutions

Arezki, Rabah; Hamilton, Kirk; Kazimov, Kazim - 2011

We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...

Persistent link: https://www.econbiz.de/10009388290

One hundred years of oil income and the Iranian economy : a curse or a blessing?

Mohaddes, Kamiar; Pesaran, M. Hashem - 2013

This paper examines the impact of oil revenues on the Iranian economy over the past hundred years, spanning the period 1908-2010. It is shown that although oil has been produced in Iran over a very long period, its importance in the Iranian economy was relatively small up until the early 1960s....

Persistent link: https://www.econbiz.de/10009707616

Oil rents shocks and inequality in Iran

Farzanegan, Mohammad Reza; Krieger, Tim - 2018 - This version: January 2018

We study the short and long run responses of income inequality to positive per capita oil and gas rent shocks in Iran. Using historical data from 1973 to 2012 and vector autoregression (VAR)-based impulse response functions, we find a positive and statistically significant response of income...

Persistent link: https://www.econbiz.de/10011793996

Is Norway's bird-in-hand stabilization fund prudent enough? : fiscal reactions to hydrocarbon windfalls and graying populations

Harding, Torfinn; Ploeg, Frederick van der - 2009

debt management strategies adopted by Norway and compare these with rules that would prevail under the permanent income … hypothesis and bird-in-hand rule. We conclude that the fiscal reaction functions adopted by Norway have to some extent been … current fiscal rules, since Norway is on a trajectory of turning a current net asset-GDP-ratio close to one into a net debt …

Persistent link: https://www.econbiz.de/10003897374

Pro-cyclical petroleum investments and cost overruns in Norway

Dahl, Roy Endré; Lorentzen, Sindre; Oglend, Atle; … - 2016

projects in the petroleum industry, this paper investigates the common effect of business cycle developments on cost overruns …

Persistent link: https://www.econbiz.de/10011539018

Forecastability and statistical characteristics of aggregate oil and gas investments on the Norwegian Continental Shelf

Lorentzen, Sindre; Osmundsen, Petter - 2016

We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian Continental Shelf (NCS). A unique and detailed dataset containing data from 109 different fields on the NCS between 1970 and 2015 was employed. A set of 1080 autoregressive distributed...

Persistent link: https://www.econbiz.de/10011544319

Cost performance on the Norwegian continental shelf

Lorentzen, Sindre; Osmundsen, Petter - 2016

these overruns? Media coverage might easily give the impression that Norway's oil and gas sector is suffering from a lack of … poorly in Norway than in other producer nations? Can we see learning effects? How do the Norwegian and the international oil …

Persistent link: https://www.econbiz.de/10011554409

Investments on the Norwegian continental shelf : an empirical analysis

Parmer, Pernille; Strøm, Steinar; Thorsen, Helge Sandvig; … - 2018

Investments in oil and gas fields are regressed against variables on panel field-data from the start of oil and gas production on the Norwegian continental shelf in 1968 until 2016. Two alternative models track the observed investments aggregated across fields from 1970 until 2016 relatively...

Persistent link: https://www.econbiz.de/10011933936