Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.08.004 |
Oil supply shocks and economic growth in the Mediterranean | |
Bastianin, Andrea1; Galeotti, Marzio2; Manera, Matteo3,4 | |
2017-11-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 110 |
文章类型 | Article |
语种 | 英语 |
国家 | Italy |
英文摘要 | We study how oil supply shocks affect the output growth of selected countries in the Mediterranean region. We focus on the effects of oil supply shocks on economic activity, as measured by real gross value added, for the whole economy, as well as for specific industries. We show that the response of real gross value added growth is negative and often statistically significant for net energy importers, while for net energy exporters it is not distinguishable from zero. This result holds for the aggregate economies, as well as for the selected industries. Moreover, the effects of oil supply shocks increase with the degree of energy dependence in the Mediterranean countries belonging to the European Union. Our results have several policy implications. First, the European Union should encourage projects on the efficient use of energy in the Mediterranean area. Second, European financial markets should promote appropriate financial instruments to stimulate investments in the Mediterranean energy sector. Third, international investors should consider the country-specific reactions to major macroeconomic shocks in the Mediterranean region. |
英文关键词 | Oil supply shocks Mediterranean countries Economic growth |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000417660800017 |
WOS关键词 | PRICE SHOCKS ; G7 COUNTRIES ; MACROECONOMY ; IMPACTS ; MARKET |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/16534 |
专题 | 气候变化 |
作者单位 | 1.Univ Milan, Milan, Italy; 2.Bocconi Univ, Univ Milan, IEFE, Milan, Italy; 3.Univ Milano Bicocca, Fdn Eni Enrico Maffei, Milan, Italy; 4.Univ Milano Bicocca, Milan, Italy |
推荐引用方式 GB/T 7714 | Bastianin, Andrea,Galeotti, Marzio,Manera, Matteo. Oil supply shocks and economic growth in the Mediterranean[J]. ENERGY POLICY,2017,110. |
APA | Bastianin, Andrea,Galeotti, Marzio,&Manera, Matteo.(2017).Oil supply shocks and economic growth in the Mediterranean.ENERGY POLICY,110. |
MLA | Bastianin, Andrea,et al."Oil supply shocks and economic growth in the Mediterranean".ENERGY POLICY 110(2017). |
条目包含的文件 | 条目无相关文件。 |
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