Economic Exposure to Oil Price Shocks and the Fragility of Oil-Exporting Countries

Economic Exposure to Oil Price Shocks and the Fragility of Oil-Exporting Countries

From a price range between 100 and 120 USD (U.S. dollars) per barrel in 2011–2014, the crude oil price fell from mid-2014 onwards, reaching a level of 26 USD per barrel in January 2016. Here we assess the economic consequences of this strong decrease in the oil price. A retrospective analysis based...

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Bibliographic Details
Main Authors: Toon Vandyck, Alban Kitous, Bert Saveyn, Kimon Keramidas, Luis Rey Los Santos, Krzysztof Wojtowicz
Format: Article
Language:English
Published: MDPI AG 2018-04-01
Series:Energies
Subjects:
oil price volatility
macroeconomic performance
resilience
fragile states
resource curse
Online Access:http://www.mdpi.com/1996-1073/11/4/827

Internet

http://www.mdpi.com/1996-1073/11/4/827

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