The transition to a low-carbon economy requires a contraction of fossil fuel sectors, raising questions about the labor market costs of reallocation. We study the 2014 oil price shock as a natural experiment to examine the contraction of Norway’s oil industry. Using matched employer–employee...

Local content policies (LCPs) are key instruments of industrial policy used by middle-income countries (MICs) to capture segments of global value chains (GVCs). While, in principle, LCPs are very similar, in practice, they are highly diverse. What to prioritize, how to measure it, while...

* No credible forecast shows UK oil and gas demand falling to zero by 2050, even under net zero scenarios - oil and gas are essential ingredients in plastics, fertilisers, medicines and modern technology * The 78% headline tax rate is forcing a decline in North Sea production and driving...

This study examines the impact of transfer pricing regulations on petroleum tax revenue using the enforcement role of the Ghana Revenue Authority (GRA). Utilizing data from Ghanaian firms spanning 2002 to 2023 from reliable institutional sources including the GRA, PIAC, World Bank, and the U.S....

We quantify the contribution of Venezuela’s oil sector collapse to changes in global oil market responsiveness after 2007. We extend the multi-country structural model of Baumeister and Hamilton (2024) by modeling Venezuela explicitly and constructing a counterfactual production path that...

The transition to a low-carbon economy requires a contraction of fossil fuel sectors, raising questions about the labor market costs of reallocation. We study the 2014 oil price shock as a natural experiment to examine the contraction of Norway's oil industry. Using matched employer–employee...

Ghana's energy transition illustrates the broader challenge of integrating renewable energy into fossil fuel-dependent economies. Despite successive policy commitments, the country has consistently prioritised fossil fuels and, more recently, nuclear power over new sources of renewable energy...

Applying the most recent international input-output tables, we examine potential short-term effects of various demand shocks on the Russian economy. Our analysis suggests that a reduction of 1 % in Chinese final demand results in a 0.1 % decline in Russian GDP. Similarly, a 10 % contraction in...

The Earth is currently experiencing global warming, which is mostly the result of human activity. Nevertheless, it is still not clear how much human resources management actually controls these operations, and studies trying to determine this relationship have produced conflicting findings....

This study focuses on exploring the nature of inter-organizational learning and the types of knowledge that are transferred/shared between foreign multinational companies (MNCs) and their local partner firms within international interfirm alliances in developing countries, particularly those...

This article explores the economic and political implications of de-dollarization in Saudi oil transactions, by focusing on the European Union countries. It examines how an increased euro usage in these transactions influences the real exchange rate of the euro against the dollar and the volume...

Saudi Arabia announced its ambitious goal to produce around 50 % of its electricity from renewable energy sources as part of its Vision 2030. The impact of this country's energy policy on economic-related areas has been the subject of intense research in the last decade. The aim of the study is...

Oil prices have been increasingly volatile since 2004. However, the impact of this volatility on domestic end-user prices differs significantly by fuel and country. Some countries fully pass through global price movements to domestic end-user prices, and some countries freeze domestic fuel...

The oil and gas industry remains vital to the global economy, yet its operations contribute significantly to environmental degradation, one of the most urgent challenges of the 21st century. This study explores the lived experiences of those directly impacted by the negative externalities of oil...

How large are the productivity differences arising from micro-level distortions, and how much of that is due to tax policy? Using over a century of field-level data (1900-2023), this paper examines the role of field-level revenue taxes in explaining misallocation in the oil and gas industry, a...

Carbon capture and storage (CCS) is no silver bullet but could be a nugget of gold. It is a way to ensure that strategic industries can be both decarbonised and kept in Europe. The EU should instrumentalise the technology to become the world's carbon banking hub and setter of the global CO2...

Carbon capture and storage (CCS) is no silver bullet but could be a nugget of gold. It is a way to ensure that strategic industries can be both decarbonised and kept in Europe. The EU should instrumentalise the technology to become the world's carbon banking hub and setter of the global CO2...

After the closure of many facilities in the oil and gas sector, which consequently resulted in high and sudden unemployment rates, the Scottish government established a fund to help the affected workers re-skill and further train themselves in order to find employment again.

Iran's Petroleum Contract "IPC" as a risk service contract, contains some important improvements and features in order to attract foreign investments and know-how to the long-standing oil industry of Iran. However, the views of international oil companies ("IOC") towards contractual regimes in...

Aim: This study honors the pioneering work by André Dorsman on energy finance, especially on oil prices and company performance. The objective is to investigate the relationship between the global oil price and the profitability of Dutch companies. Design / Research methods: In our research, a...

Saudi Arabia has mixed expectations ahead of Donald Trump’s imminent second presidency. On the one hand, the royal family maintains close business relations with the president-elect and his entourage, which could lead to privileged access to the White House. On the other hand, Trump’s Middle...