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