This paper examines the levels of and changes in vulnerability to oil price increases between 1996 and 2006 in 161 countries for which data are available. Vulnerability defined here as the ratio of the value of net oil imports to gross domestic product (GDP) rises if oil consumption increases and oil production decreases per unit of GDP. By comparing the level of vulnerability of different economies at a point in time, those that are particularly...
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INFORMACIÓN
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2008/08/01
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Documento de trabajo (Serie Numerada)
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48422
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1
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1
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2010/07/01
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Disclosed
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Vulnerability to oil price increases : a decomposition analysis of 161 countries
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price elasticity of demand for oil