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Essay on the economics and politics of oil producing countries

Cologni, Alessandro (2010) Essay on the economics and politics of oil producing countries. Advisor: Manera, Prof. Matteo. pp. 201. [IMT PhD Thesis]

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Abstract

Our research is argued to contribute significantly to the existing literature. By focusing on relevant topics in the field of political economy, fiscal policy and microeconomic theory, our analysis tries to provide some answers to issues not yet well addressed by researchers and analysts in previous works. The introduction of a theoretical framework which endogenizes the emergence of different political regimes in a context of a rentier state represents the most relevant contribution to the existing literature of the first essay. In this article, the impact of relevant variables (i.e. degree of socio-political fragmentation of the society, size of natural resources endowments, etc.) is also studied in greater detail. The second essay extends the previous literature on the macroeconomic effects of exogenous oil shocks on the economic stance of oil exporting countries in various directions. The hypothesis that oil price shocks drive large aggregate reallocation of production factor is investigated by several previous studies. However, earlier works lack the sectoral detail on job creation and destruction that we examine. Although previous research has already considered the determinants of decisions on oil production levels, relatively few studies have examined the elasticity of these decisions to changes in the stance of world oil markets. Our third study aims, in particular, at filling the gap in our understanding of the relationship between oil production levels, international oil prices and world oil demand. At this purpose, results from both a theoretical model and an empirical analysis are presented. The implications of our results with regard to the effects on the overall structure of the markets are, hence, discussed.

Item Type: IMT PhD Thesis
Subjects: H Social Sciences > HB Economic Theory
PhD Course: Economics, Markets, Institutions
Identification Number: 10.6092/imtlucca/e-theses/46
Date Deposited: 18 Jul 2012 09:52
URI: http://e-theses.imtlucca.it/id/eprint/46

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