| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w1074 |
| 来源ID | Working Paper 1074 |
| World Equilibrium with Oil Price Increases: An Intertemporal Analysis | |
| Nancy Peregrim Marion; Lars E.O. Svensson | |
| 发表日期 | 1983-02-01 |
| 出版年 | 1983 |
| 语种 | 英语 |
| 摘要 | This paper examines the effect of OPEC price increases on the welfare of a group of oil-importing industrial countries. It also studies how taxes or subsidies on oil imports or capital flows could alter the group's welfare. The analysis is conducted using a general-equilibrium model that describes the behavior of two actors, OPEC and the oil-importing bloc called Industria. The analysis is explicitly intertemporal and takes into account endogenous changes in saving, investment and employment.We show that Industria's welfare is affected not only by direct oil terms of trade effect, but also by changes in the world rate of interest(intertemporal terms of trade effects) and, for rigid wages, changes in employment. Thus Industria gains from the intertemporal terms of trade effect if it is a net borrower and the world rate of interest falls. Precise conditions for whether the world rate of interest falls or rises are given.We also show that Industria may gain from subsidizing oil imports rather than taxing them, in particular if wages are rigid, and that it may gain from restricting international capital mobility. |
| 主题 | International Economics |
| URL | https://www.nber.org/papers/w1074 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558294 |
| 推荐引用方式 GB/T 7714 | Nancy Peregrim Marion,Lars E.O. Svensson. World Equilibrium with Oil Price Increases: An Intertemporal Analysis. 1983. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w1074.pdf（291KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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