How Much Does an Increase in Oil Prices Affect the Global Economy? Some Insights from a General Equilibrium Analysis

How Much Does an Increase in Oil Prices Affect the Global Economy? Some Insights from a General Equilibrium Analysis

A global computable general equilibrium model is used to analyze the economic impacts of rising oil prices with endogenously determined availability of biofuels to mitigate those impacts. The negative effects on the global economy are comparable to...

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Bibliographic Details
Main Author: Timilsina, Govinda R.
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2013
Subjects:
ANNUAL ENERGY OUTLOOK
AVAILABILITY
BALANCE
BARREL
CARBON
CARBON TAX
COAL
COMPUTABLE GENERAL EQUILIBRIUM MODEL
CRUDE OIL
DEMAND FOR OIL
DEMAND FOR PETROLEUM
DEMAND FOR PETROLEUM PRODUCTS
ECOLOGICAL ECONOMICS
ELASTICITY OF SUBSTITUTION
ELECTRICITY
ENERGY INFORMATION ADMINISTRATION
ENERGY INTENSIVE
ENERGY OUTLOOK
ENERGY POLICY
ENERGY PRICES
ETHANOL
FEEDSTOCK
FOSSIL
FOSSIL FUELS
GAS INDUSTRY
GLOBAL LEVEL
GROSS DOMESTIC PRODUCT
HIGHER OIL PRICES
INCOME
INCREASED OIL PRICES
NATURAL GAS
NATURAL GAS INDUSTRY
NET OIL
OIL
OIL EXPORTING
OIL EXPORTING COUNTRIES
OIL EXPORTS
OIL IMPORTERS
OIL IMPORTING
OIL IMPORTING COUNTRIES
OIL PRICE
OIL PRICE CHANGES
OIL PRICES
OIL SUPPLY
PETROLEUM
PETROLEUM PRODUCTS
PETROLEUM SECTOR
PRICE OF OIL
REFINED PETROLEUM PRODUCTS
REFINERY
REFINERY SECTOR
WORLD OIL
WORLD OIL PRICE
WORLD OIL PRICES
international trade
global economy
Online Access:http://documents.worldbank.org/curated/en/2013/06/17935117/much-increase-oil-prices-affect-global-economy-some-insights-general-equilibrium-analysis
http://hdl.handle.net/10986/15874

Internet

http://documents.worldbank.org/curated/en/2013/06/17935117/much-increase-oil-prices-affect-global-economy-some-insights-general-equilibrium-analysis
http://hdl.handle.net/10986/15874

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