Oil Price Risks and Pump Price Adjustments
Between 1999 and 2008, world oil prices more than quadrupled in real terms. For oil importers, vulnerability to oil price increases, defined as the share of gross domestic product spent on net oil imports, rose considerably. Considering medians, lo...
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Format: | Policy Research Working Paper |
Language: | English en_US |
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World Bank, Washington, DC
2013
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Online Access: | http://documents.worldbank.org/curated/en/2012/10/16831268/oil-price-risks-pump-price-adjustments http://hdl.handle.net/10986/12062 |