"The UN's Net Zero goal is to limit the rise in mean global temperatures to 1.5???C by 2050. They suggested that it could be achieved by reducing global emissions by 45 percent by 2030, then to zero by 2050. This book is a new stress test in applied econometric analysis of oil producing countries. It includes positive economic analysis using a sample of 11 OPEC countries from 1970 to 2019; and presents an empirical analysis of OPEC's operating model - the state-owned oil monopoly, hence its dilemma. The book estimates a ...
Read More
"The UN's Net Zero goal is to limit the rise in mean global temperatures to 1.5???C by 2050. They suggested that it could be achieved by reducing global emissions by 45 percent by 2030, then to zero by 2050. This book is a new stress test in applied econometric analysis of oil producing countries. It includes positive economic analysis using a sample of 11 OPEC countries from 1970 to 2019; and presents an empirical analysis of OPEC's operating model - the state-owned oil monopoly, hence its dilemma. The book estimates a production function for every OPEC country, then uses counterfactual scenarios to show that OPEC 's strategy to peg the price of oil by cutting oil production by more than 45 percent by 2030, results in a reduction of permanent income, which has negative macroeconomic consequences, such as on social welfare and deadweight losses. The book begins by defining the dilemma, describing the stylized facts of OPEC economies and oil production organizations, their political environments, the dominant features of these economies such as oil rent; productivity; oil-dependence; and the long-run and cyclical correlation between oil and output. It provides a microeconomic foundation for the macro analysis by testing the monopoly vs. competition price mechanism. Finally, there is a discussion of the policy options available to OPEC to deal with the UN's Race to Zero. Students, scholars and researchers will benefit from the innovative ideas presented in the book and it will be a useful guide for policymakers and global governance experts"-- Provided by publisher.
Read Less
Add this copy of Opec's Dilemma and the Future of Oil: Navigating the to cart. $178.49, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2024 by Routledge.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Print on demand Sewn binding. Cloth over boards. 154 p. Contains: Unspecified, Illustrations, black & white, Line drawings, black & white, Tables, black & white. Routledge Studies in the Economics of Business and Industry.
Add this copy of OPEC's Dilemma and the Future of Oil: Navigating the to cart. $223.61, like new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 2024 by Routledge.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Fine. Sewn binding. Cloth over boards. 154 p. Contains: Unspecified, Illustrations, black & white, Line drawings, black & white, Tables, black & white. Routledge Studies in the Economics of Business and Industry. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
