introduction: it was often believed that countries with natural resource abundance would undergo the process of development with a more accelerated pace in comparison to other countries. the experimental results, however, demonstrate a higher rate of success for countries which lack the said resources. the paradoxical effects of the possession, or a lack there of, natural resources on different...

The article studies the theoretical and practical approaches related to allocation of oil revenues for public investment. Based on two-step Engel-Granger procedure cointegration analysis, relationship between ratio capital expenditures state budget non-oil GDP logarithm real prices in Azerbaijan is investigated. It has been determined that investment highly dependent price, volatility price als...

We study the spatial distribution of effect oil and gas revenues on Brazilian municipalities, using variations in international prices to establish causality. Those increase nighttime light emissions oil-producing municipalities but impose negative spillovers neighboring especially those located more than 150 kilometers from activities. The two effects cancel out at level microregions. In royal...

This paper provides model-based estimates of the value of oil in Alaska’s Arctic National Wildlife Refuge (ANWR). The best estimate of economically recoverable oil in the federal portion of ANWR is 7.06 billion barrels of oil, a quantity roughly equal to US consumption in 2005. The oil is worth $374 billion ($2005), but would cost $123 billion to extract and bring to market. The difference, $25...

Oil is one of the main inputs demanded by production, heating and transportation sectors in many developed developing countries. In countries where rate industrialization growth high, dependence on oil constantly increasing. Factors such as fact that large reserves are located certain regions world, differences extraction costs, supply demand imbalances cause prices to fluctuate.
 The macr...

The important of oil revenues and their role in strengthening international reserves is one the topics that have aroused interest many researchers, because from exporting crude are subject to fluctuations size due impact on several factors including prices global quantities exported
 Iraqi economy unilateral rentier economies dependent only resource, so it has become necessary maintain an ...

T he Oil-For-Food program was established by United Nations Security Council Resolution 986 in 1995 as a means of providing humanitarian relief to Iraq, which had been under U.N. economic sanctions since the Persian Gulf War in 1991. The Oil-For-Food program was divided into six-month phases and required renewal by the Security Council at each phase. The first phase lasted from December 1996 to...