Macroeconomic Prospects for a Small Oil Exporting Country

'This book is of prime interest to the economist interested in the economic characteristics and the research efforts being made in Norway.' Energy Economics (January 1986)

• One: Booming Oil Sector, Structural Change And Macroeconomic Policy.- 1. Oil Discoveries, Intertemporal Adjustment and Public Policy.- 2. Oil Revenues and the Norwegian Economy in the Seventies.- 3. A Comparative Study of the Macroeconomic Performance of Some Energy-Rich and Some Energy-Poor Economies.- Two: The World Oil and Gas Market.- 4. Modelling the Crude Oil Market. Oil Prices in the Long Term.- 5. Norway’s Export of Natural Gas to the European Gas Market. Policy Issues and Model Tools.- 6. Measuring the Consequences of the Take or Pay Clauses in Natural Gas Consuming Countries.- Three: Production, Profitability and Taxes.- 7. Cost Structure and Profitability of North Sea Oil and Gas Fields.- 8. Petroleum Taxation: A Comparison Between Canada and the U.S..- Four: Oil Revenues and Long-Term Macroeconomic Planning.- 9. Regional Impacts of Petroleum Activities in Norway.- 10. The Wealth Effect of North Sea Oil.- 11. Using the Oil Revenues: A Long Run Perspective.- 12. Certainty Equivalence Procedures in the Macroeconomic Planning of an Oil Economy.