Oil Price Volatility, Economic Growth and the Hedging Role of Renewable Energy

Oil Price Volatility, Economic Growth and the Hedging Role of Renewable Energy

This paper investigates the adverse effects of oil price volatility on economic activity and the extent to which countries can hedge against such effects by using renewable energy. By considering the Realized Volatility of oil prices, rather than f...

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Bibliographic Details
Main Author:	Rentschler, Jun E.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ADVERSE EFFECTS ALTERNATIVE ENERGIES APPROACH AVAILABILITY BALANCE BILATERAL TRADE BUSINESS INVESTMENTS CLIMATE CLIMATE CHANGE CLIMATE POLICIES COAL COMMODITIES COMMODITY COMMODITY MARKETS COMMODITY PRICE CONSUMER PRICE CONSUMER PRICE INDICES CRUDE OIL CRUDE OIL IMPORTS CRUDE OIL PRICE CURRENCY DEMAND FOR OIL DEVELOPING COUNTRIES DOMESTIC EXCHANGE DOMESTIC INFLATION DOMESTIC OIL DOMESTIC OIL CONSUMPTION DOMESTIC OIL PRODUCTION DOMESTIC PRODUCTION ECONOMIC ACTIVITY ECONOMIC BENEFITS ECONOMIC GROWTH ECONOMIC INDICATORS ECONOMIC STRUCTURES ECONOMIC UNCERTAINTY EMERGING ECONOMIES EMPLOYMENT ENERGY DEMAND ENERGY ECONOMICS ENERGY INVESTMENTS ENERGY MARKETS ENERGY MIX ENERGY NEEDS ENERGY POLICY ENERGY PORTFOLIO ENERGY PRICES ENERGY SOURCE ENERGY SOURCES EXCHANGE RATE EXCHANGE RATE FLUCTUATIONS EXOGENOUS SUPPLY EXPOSURE EXTERNAL MARKETS FACTOR PRICE FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL ANALYSIS FISCAL POLICIES FISCAL POLICY FOSSIL FOSSIL FUEL FOSSIL FUELS FUEL FUEL PRODUCTION FUTURE PRICE GAS GEOTHERMAL POWER GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GLOBAL OIL MARKETS HYDROPOWER INFLATION INPUT PRICES INTERNATIONAL MARKETS INTERNATIONAL TRADING INVESTMENT DECISIONS LABOR MARKET LOWER PRICE MARKET FLUCTUATIONS MARKET PRICE MARKET PRICES MARKET REGULATION MARKET RETURNS MARKET VOLATILITY MONETARY ECONOMICS MONETARY POLICY NATURAL GAS NET OIL NUCLEAR ENERGY NUCLEAR POWER OIL OIL EXPORTER OIL EXPORTERS OIL EXPORTS OIL IMPORTER OIL IMPORTS OIL MARKETS OIL PRICE OIL PRICES OIL PRODUCING OIL PRODUCING COUNTRIES OIL SHOCKS OUTPUT PETROLEUM PETROLEUM IMPORTS PETROLEUM INDUSTRY POLICY MAKERS POLITICAL ECONOMY PORTFOLIOS POWER PRICE CHANGE PRICE CHANGES PRICE DECREASES PRICE FLUCTUATIONS PRICE INCREASE PRICE INCREASES PRICE INDEX PRICE MOVEMENTS PRICE OF OIL PRICE STABILITY PRICE UNCERTAINTY PRICE VOLATILITY PRICES OF COAL PRODUCTION COSTS RENEWABLE ENERGIES RENEWABLE ENERGY RENEWABLE POWER RISK MANAGEMENT SCENARIOS SOURCE OF ENERGY SPOT MARKET STOCK MARKET SUBSTITUTE SUPPLY SHOCKS SURPLUS SUSTAINABLE DEVELOPMENT SUSTAINABLE ENERGY TAX TRADING ACTIVITIES UNCERTAINTIES VOLATILE PRICES WORLD ECONOMY WORLD ENERGY
Online Access:	http://documents.worldbank.org/curated/en/2013/09/18260093/oil-price-volatility-economic-growth-hedging-role-renewable-energy http://hdl.handle.net/10986/15829

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