| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6765 |
| DP6765 Labour Markets and Monetary Policy: A New Keynesian Model with Unemployment | |
| olivier blanchard; Jordi Gali | |
| 发表日期 | 2008-03-31 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | In this paper we study nationalizations in the oil industry around the world in 1960-2002. We show, both theoretically and empirically, that governments are more likely to nationalize when oil prices are high and when political institutions are weak. We consider a simple dynamic model of the interaction between a government and a foreign oil company. The government cannot commit to abstain from expropriation and the company cannot commit to pay high taxes. Even though nationalization is inefficient it does occur in equilibrium when oil prices are high. The model's predictions are consistent with the panel analysis of a comprehensive dataset on nationalizations in the oil industry since 1960. Nationalization is more likely to happen when oil prices are high and the quality of institutions is low even when controlling for country fixed effects. |
| 主题 | Development Economics ; Public Economics |
| 关键词 | Property rights Nationalization Oil industry |
| URL | https://cepr.org/publications/dp6765 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535603 |
| 推荐引用方式 GB/T 7714 | olivier blanchard,Jordi Gali. DP6765 Labour Markets and Monetary Policy: A New Keynesian Model with Unemployment. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [olivier blanchard]的文章 |
| [Jordi Gali]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [olivier blanchard]的文章 |
| [Jordi Gali]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [olivier blanchard]的文章 |
| [Jordi Gali]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
