Oil intensities and oil prices : evidence for Latin America (English)

Crude oil prices have dramatically increased over the past years and are now at a historical maximum in nominal terms and very close to it in real terms. It is difficult to argue, at least for net oil importers, that higher oil prices have a positive impact on welfare. In fact, the negative relationship between oil prices and economic activity has been well documented in the literature. Yet, to the extent that higher oil prices lead to lower oil consumption...

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Author

Alaimo,Veronica;

Lopez,J. Humberto;
Document Date
2008/06/01
Document Type
Policy Research Working Paper
Report Number
WPS4640
Volume No
1
Total Volume(s)
1
Country
Latin America, Caribbean,
Region
Latin America and Caribbean,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Oil intensities and oil prices : evidence for Latin America
Keywords
oil price

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Citation

Alaimo,Veronica; Lopez,J. Humberto.

Oil intensities and oil prices : evidence for Latin America (English). Policy Research working paper ; no. WPS 4640 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/968501468011460278

Oil intensities and oil prices : evidence for Latin America (English)

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