Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/6104
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Campo DC | Valor | Idioma |
---|---|---|
dc.contributor.author | Conraria, Luís Aguiar | - |
dc.contributor.author | Wen, Yi | - |
dc.date.accessioned | 2007-01-29T14:49:12Z | - |
dc.date.available | 2007-01-29T14:49:12Z | - |
dc.date.issued | 2007 | - |
dc.identifier.citation | NIPE Working Paper series | eng |
dc.identifier.uri | https://hdl.handle.net/1822/6104 | - |
dc.description.abstract | We show that dependence on foreign energy can increase economic instability by raising the likelihood of equilibrium indeterminacy, hence making fluctuations driven by self-fulfilling expectations easier to occur. This is demonstrated in a standard neoclassical growth model. Calibration exercises, based on the estimated share of imported energy in production for several countries, show that the degree of reliance on foreign energy for many countries can easily make an otherwise determinate and stable economy indeterminate and unstable. | eng |
dc.language.iso | eng | eng |
dc.publisher | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) | eng |
dc.relation.ispartofseries | 3 | eng |
dc.relation.ispartofseries | 2007 | eng |
dc.rights | openAccess | eng |
dc.subject | Indeterminacy | eng |
dc.subject | Energy Imports | eng |
dc.subject | Externality | eng |
dc.subject | Returns to scale | eng |
dc.subject | Sunspots | eng |
dc.subject | Self-fulfilling expectations | eng |
dc.title | Oil dependence and economic instability | eng |
dc.type | workingPaper | eng |
dc.peerreviewed | no | eng |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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WP3_2007.pdf | 866,97 kB | Adobe PDF | Ver/Abrir |