International conflicts cause global energy price fluctuations and supply disruptions, which can threaten security economic growth in energy-importing countries, including China. However, the implications impact mechanisms of international on economy oil-importing countries have been poorly explored. Using US sanctions Iran as a case, energy-extended computable general equilibrium model, GTAP-E...

E nergy analysts sometimes speak of oil’s “golden era,” that 100-year stretch between 1874 and 1974 when the real price was relatively stable within a range from $10 to $20 per barrel (BP, 2008) in 2007 dollars. Figure 1 shows that in recent decades, that stability has ended. In October 1973, several Arabic members of the Organization of the Petroleum Exporting Countries (OPEC) announced that i...

China’s economic ascendance over the past two decades has generated ripple effects in the world economy. Its search for natural resources to satisfy the demands of industrialization has led it to Sub-Saharan Africa. Trade between China and Africa in 2006 totaled more than $50 billion, with Chinese companies importing oil from Angola and Sudan, timber from Central Africa, and copper from Zambia....

Print Send to friend Building on its past success, how can Chile now move forward into the ranks of the high-income countries? In this guest article, Professor Jeffrey D. Sachs looks at the challenges and at some of the policy shifts that may be required. During the last few decades, the Latin American region as a whole has achieved little economic growth, attaining an average real income per c...

Oil sector is the most effective sector in these countries. Oil is the most important product that world industries use as the cheapest energy. The price of oil depends on the world’s supply and demand and many economic, political and geographical variables. This is the reason why the price of oil has fluctuations. The fluctuations in oil price lead to fluctuate in the oil revenues of the membe...

This paper discusses Indonesia's trade balance during the first quarter of 2020 and examines developments in important sectors. The study investigates what policies need to be taken make Indonesian economy survive. Based on quantitative qualitative data, April experienced a deficit 344.7 million US dollars export-import performance oil gas non-oil sectors, after surplus 715.7 previous month. sl...

This study evaluates the relationship between inflation and output gap in Saudi Arabia. Specifically, it determines a level of optimal for given changes economic cycle. The novelty this study’s research question is linking with non-oil Arabia by constructing dynamic threshold regression model. estimation carried out using yearly time series from 1981 to 2019. variables used our model ...