A number of oil market experts argue that OPEC members substantially overreport their reserves. The potential damage for the world economy calls for an analysis of the motives and the preconditions for successful misreporting of natural resource reserves. Based on a signalling game within an international trade model, this article develops a framework for such an analysis. Exporting countries w...

This paper discusses the policy issues facing the country of Sno TomJ e PrRncipe, a small island country in the Gulf of Guinea, given the discovery and imminent exploitation of large reserves of oil in its territorial waters. While presenting huge opportunities, the history of other African oil-exporting countries demonstrates that there are dangers as well. An appropriate policy for macro bala...

This paper explores the links between exports, export destinations and skill utilization by firms. We identify two mechanisms behind these links, which we integrate into a unified theory of export destinations and skills. First, exporting to high-income countries with higher valuation for quality leads to quality upgrades that are skill-intensive (Verhoogen, 2008). Second, exporting in general,...

With the changes that have taken place in energy-related technologies, United States has been less affected by geopolitical risks associated with supply of fossil fuel energy resources, especially crude oil. When price oil is low, situation U.S. contrasts other oil-producing countries, which are facing financial pressure due to low prices and a high domestic demand. Many countries supplying com...

The purpose of this paper is to investigate the effect gross domestic product per capita, trade openness, renewable energy, energy consumption, foreign direct investment, carbon emission, and oil prices on innovation for selected 11 oil-importing oil-exporting countries compare results from both country groups see differences similarities. For purpose, we employ Poisson regression negative bino...