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Implications of Higher Oil Prices for U. S. Industry
Oleh:
Buckley, Patricia
;
Meckstroth, Daniel J.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 26 no. 1 (1991)
,
page 34-39.
Topik:
OIL PRICES
;
oil prices
;
U. S. industry
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Iraq and kuwait produced 8 percent of the world's oil supplies prior to the united nations; embargo. A shooting war in the persian gulf could encompass countries producing a combined 26 percent of the world's oil. An input - output analysis found that a 50 percent increases in oil prices from the 1988 level raises overall costs some 1 percent in the U. S. business sector, about equal to this year's expected real economic growth. However, the price impact is not distributed evently across all segments of the economics. Higher enery prices are likely to result in a lower standard of living for U. S. consumers.
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