THE IMPACT OF INTERNATIONAL OIL PRICE INCREASE ON THE ECONOMY OF FREE STATEPROVINCE OF SOUTH AFRICA

THE IMPACT OF INTERNATIONAL OIL PRICE INCREASE ON THE ECONOMY OF FREE STATEPROVINCE OF SOUTH AFRICA

This article researches quantitatively the impact of an increase in the international oil price on economy of the Free State provincial economy using a Computable General Equilibrium model. The result of an increase international oil price shows that, the percentage in labour demand of transport,...

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Bibliographic Details
Main Author: Yonas Tesfamariam Bahta
Format: Article
Language:English
Published: International Journal of Food and Agricultural Economics 2014-01-01
Series:International Journal of Food and Agricultural Economics
Subjects:
Oil price; Households
GDP
Equivalent Variation
Free State Province
CGE
Online Access:http://www.foodandagriculturejournal.com/vol2.no1.pp41.pdf

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