The Impact of Rising Oil Prices on the World Economy

Front Matter....Pages i-v
Introduction....Pages 1-6
International Effects of Energy Conservation....Pages 7-24
Energy Prices and Productivity Growth....Pages 25-39
U.S. Energy Price Decontrol: Energy, Trade and Economic Effects....Pages 40-60
The Macroeconomic Effects of the 1979/80 Oil Price Rise on Four Nordic Economies....Pages 61-79
Opec Respending and the Economic Impact of an Increase in the Price of Oil....Pages 80-96
Long-Term Oil Substitution—The IEA-Markal Model and Some Simulation Results for Sweden....Pages 97-112
The Efficiency-Flexibility Trade-Off and the Cost of Unexpected Oil Price Increases....Pages 113-128
Employment Effects of an Increased Oil Price in an Economy with Short-Run Labor Immobility....Pages 129-136
The Optimal Production of an Exhaustible Resource When Price is Exogenous and Stochastic....Pages 137-148
Resource Pricing and Technological Innovations Under Oligopoly: A Theoretical Exploration....Pages 149-177
Market Structure and Resource Extraction Under Uncertainty....Pages 178-193
Scarcity, Efficiency and Disequilibrium in Resource Markets....Pages 194-211