In this paper the trade restrictiveness of agricultural policies in Iran was measured by the TRIindex for the nine major agricultural products including wheat, rice, barely, maize, soybean,meat (beef meat), soybean oil, sugar and banana over the period 1981 to 2007. The main resultsindicate that there is no trend in above index and high volatility especially in 2006 and 2007years due to conside...

In practice, central banks have been confronted with a trade-o¤ between stabilising in‡ation and output when dealing with rising oil prices. This contrasts with the result in the standard New Keynesian model that ensuring complete price stability is the optimal thing to do, even when an oil shock leads to large output drops. To reconcile this apparent contradiction, this paper investigates how ...

Introduction The international biodiesel production increased steadily and exponentially from 2000 to 2007 (WBGU, 2008). More than half of this increase can be attributed to biodiesel production in the European Union (EU). The production of biodiesel in Europe depends mostly on canola oil (e.g. Ho, 2006). As a result, Europe naturally had an increase in the demand for canola oil. In fact, the i...

 Libya experienced a substantial increase in oil revenue as a result of increased oil prices during the period of the late 1970s and early 1980s, and again after 2000. Recent increases in oil production and the price of oil, and their positive and negative macroeconomic impacts upon key macroeconomic variables, are of considerable contemporary importance to an oil dependent economy such as that...

The main objective of this research is to analyze the impact of oil price volatility on the economic growth of Pakistan. Secondary data from 1973 to 2011 were used to estimate the coefficients. Linear Regression analysis is used to analyze the dependency among the dependant and independent variables. All variable Oil price, Oil supply, oil demand, Gross Domestic production, Public sector invest...

The abrupt breakup of the USSR and socialist bloc in the early 1990s dealt a devastating blow to the island's economy. Almost overnight, beneficial aid and trade provided by the Council for Mutual Economic Assistance ground to a halt, including 80% of foreign trade previously conducted as barter and sales of 13 million tons of oil per year at preferential prices. When the Cuban economy bottomed...