Staff View: The Impact of Higher Oil Prices on Low Income Countries and on the Poor

The Impact of Higher Oil Prices on Low Income Countries and on the Poor

The rapid and large oil price rise experienced during 2004 has created widespread concern about its impact on low income countries and on poor households in many countries. To appreciate the magnitude of this impact and to formulate policies to ame...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ALTERNATIVE FUELS BALANCE OF PAYMENTS BIOMASS CAPITAL MARKETS COAL CONSUMERS CONSUMPTION PATTERNS COST INCREASE COST OF LIVING DECISION MAKING DEVELOPED COUNTRIES DEVELOPMENT/THE ECONOMIC RESEARCH ELASTICITY ENERGY EFFICIENCY EQUILIBRIUM EXCHANGE RATE EXCHANGE RATES EXPECTED VALUE EXPENDITURES EXPORTS FUELS GDP GDP PER CAPITA GEOLOGY GOVERNMENT SUBSIDIES GROSS DOMESTIC PRODUCT IMPORTS INCOME INCOME GROUPS INFLATION IRREVERSIBILITY MACROECONOMIC ADJUSTMENT MARKET FORCES NET EXPORTS NET IMPORTS NI/GDP NONRENEWABLE RESOURCES OIL OIL PRICES OIL RESERVES OIL SECTOR OPEC PER CAPITA INCOME PER CAPITA INCOMES PRICE CHANGES PRICE ELASTICITIES PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRICE INCREASES PRICE RISK PRODUCERS REAL INCOME REAL WAGES SAVINGS SUBSTITUTION SURPLUS SUSTAINABLE DEVELOPMENT TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE UNEMPLOYMENT VOLATILITY
Online Access:	http://documents.worldbank.org/curated/en/2005/03/5705238/impact-higher-oil-prices-low-income-countries-poor http://hdl.handle.net/10986/18076

The Impact of Higher Oil Prices on Low Income Countries and on the Poor

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