Assessing the Impact of Higher Oil Prices in Latin America
For some Latin American countries - especially, the oil importers in the Caribbean - rising energy prices could pose a significant threat to their current account sustainability, particularly if they are accompanied by other negative shocks. In som...
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| Format: | General Economy, Macroeconomics and Growth Study |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2012/06/16338373/latin-america-caribbean-assessing-impact-higher-oil-prices-latin-america http://hdl.handle.net/10986/11889 |
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okr-10986-118892021-04-23T14:02:58Z Assessing the Impact of Higher Oil Prices in Latin America World Bank AGRICULTURAL COMMODITIES AMMONIA APPROACH AVERAGE PRICE BALANCE BARREL BARRELS PER DAY CAPITAL MARKETS CEMENT COAL COAL GAS COMMODITY PRICE COMMODITY PRICES COMPOSITION OF OUTPUT CONSUMER PRICES COPPER PRICES CRUDE OIL CRUDE OIL CONSUMPTION CRUDE OIL PRICE CRUDE OIL PRICES CRUDE PETROLEUM ELECTRICAL MACHINERY EMPIRICAL ANALYSIS ENERGY CONSERVATION ENERGY COSTS ENERGY PRICES ENERGY PRODUCTS ETHANOL ETHYL ALCOHOL FOREIGN EXCHANGE FUEL FUEL BILLS FUEL EXPORT FUEL EXPORTS FUEL PRICES GAS PRICE INDEX GASES GASOLINE GASOLINE PRICES HEAVY RELIANCE HIGHER OIL PRICES INCOME INCOME EFFECTS INFLATION INTERNATIONAL ENERGY AGENCY INTERNATIONAL OIL PRICES INTERNATIONAL TRADE MILLION BARRELS MILLION BARRELS PER DAY NATURAL GAS NATURAL GAS PRICE NATURAL GAS PRICES NET OIL OIL OIL DEMAND OIL EXPORTER OIL EXPORTERS OIL EXPORTING OIL EXPORTING COUNTRIES OIL IMPORT OIL IMPORT BILL OIL IMPORTER OIL IMPORTERS OIL IMPORTING OIL MARKETS OIL PRICE OIL PRICE FLUCTUATIONS OIL PRICES OIL PRODUCERS OIL PRODUCTION OIL PRODUCTS OIL SECTOR OIL SHOCK OIL SHOCKS OIL SUPPLY OIL SUPPLY DISRUPTIONS OILS OPEC OPEC COUNTRIES PETROLEUM PLASTICS PRICE CAPS PRICE CHANGES PRICE FLUCTUATIONS PRICE FORECAST PRICE INCREASE PRICE INCREASES PRICE INDEX PRICE INDICES PRICE OF NATURAL GAS PRICE OF OIL PRICES INDICES PRIVATE INVESTMENT PRODUCER PRICE PRODUCER PRICE INDEX RAW MATERIALS REGRESSION ANALYSIS RETAIL RETAIL PRICE SHIPS SOY OIL SOYBEAN OIL SPOT PRICES SUBSTITUTE SUPPLY OF CRUDE SURPLUSES SYNTHETIC RUBBER VEHICLES WORLD CONSUMPTION WORLD CRUDE WORLD DEMAND WORLD DEMAND FOR OIL WORLD OIL WORLD OIL CONSUMPTION WORLD OIL DEMAND WORLD OIL PRICES WORLD OIL PRODUCTION For some Latin American countries - especially, the oil importers in the Caribbean - rising energy prices could pose a significant threat to their current account sustainability, particularly if they are accompanied by other negative shocks. In some countries the fiscal costs associated with subsidies to protect domestic consumers have been considerable so far. Hence, a better understanding of the effects of high oil prices and potential responses in the region is needed. This report evaluates the effects of oil shocks on economic performance for a sample of selected Latin American countries. The effects at the country level depend not only on the structural characteristics of the economy, such as the degree of dependence on oil, but also on the policy reactions to rising prices. Among the countries included in our study we have: large economies (Argentina, Brazil, Colombia and Mexico), net oil exporters (Venezuela and Ecuador), and net oil importers (Dominican Republic, El Salvador, Guyana and Honduras). 2012-12-04T23:00:07Z 2012-12-04T23:00:07Z 2012-06 http://documents.worldbank.org/curated/en/2012/06/16338373/latin-america-caribbean-assessing-impact-higher-oil-prices-latin-america http://hdl.handle.net/10986/11889 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: General Economy, Macroeconomics and Growth Study Economic & Sector Work Latin America & Caribbean |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGRICULTURAL COMMODITIES AMMONIA APPROACH AVERAGE PRICE BALANCE BARREL BARRELS PER DAY CAPITAL MARKETS CEMENT COAL COAL GAS COMMODITY PRICE COMMODITY PRICES COMPOSITION OF OUTPUT CONSUMER PRICES COPPER PRICES CRUDE OIL CRUDE OIL CONSUMPTION CRUDE OIL PRICE CRUDE OIL PRICES CRUDE PETROLEUM ELECTRICAL MACHINERY EMPIRICAL ANALYSIS ENERGY CONSERVATION ENERGY COSTS ENERGY PRICES ENERGY PRODUCTS ETHANOL ETHYL ALCOHOL FOREIGN EXCHANGE FUEL FUEL BILLS FUEL EXPORT FUEL EXPORTS FUEL PRICES GAS PRICE INDEX GASES GASOLINE GASOLINE PRICES HEAVY RELIANCE HIGHER OIL PRICES INCOME INCOME EFFECTS INFLATION INTERNATIONAL ENERGY AGENCY INTERNATIONAL OIL PRICES INTERNATIONAL TRADE MILLION BARRELS MILLION BARRELS PER DAY NATURAL GAS NATURAL GAS PRICE NATURAL GAS PRICES NET OIL OIL OIL DEMAND OIL EXPORTER OIL EXPORTERS OIL EXPORTING OIL EXPORTING COUNTRIES OIL IMPORT OIL IMPORT BILL OIL IMPORTER OIL IMPORTERS OIL IMPORTING OIL MARKETS OIL PRICE OIL PRICE FLUCTUATIONS OIL PRICES OIL PRODUCERS OIL PRODUCTION OIL PRODUCTS OIL SECTOR OIL SHOCK OIL SHOCKS OIL SUPPLY OIL SUPPLY DISRUPTIONS OILS OPEC OPEC COUNTRIES PETROLEUM PLASTICS PRICE CAPS PRICE CHANGES PRICE FLUCTUATIONS PRICE FORECAST PRICE INCREASE PRICE INCREASES PRICE INDEX PRICE INDICES PRICE OF NATURAL GAS PRICE OF OIL PRICES INDICES PRIVATE INVESTMENT PRODUCER PRICE PRODUCER PRICE INDEX RAW MATERIALS REGRESSION ANALYSIS RETAIL RETAIL PRICE SHIPS SOY OIL SOYBEAN OIL SPOT PRICES SUBSTITUTE SUPPLY OF CRUDE SURPLUSES SYNTHETIC RUBBER VEHICLES WORLD CONSUMPTION WORLD CRUDE WORLD DEMAND WORLD DEMAND FOR OIL WORLD OIL WORLD OIL CONSUMPTION WORLD OIL DEMAND WORLD OIL PRICES WORLD OIL PRODUCTION |
| spellingShingle |
AGRICULTURAL COMMODITIES AMMONIA APPROACH AVERAGE PRICE BALANCE BARREL BARRELS PER DAY CAPITAL MARKETS CEMENT COAL COAL GAS COMMODITY PRICE COMMODITY PRICES COMPOSITION OF OUTPUT CONSUMER PRICES COPPER PRICES CRUDE OIL CRUDE OIL CONSUMPTION CRUDE OIL PRICE CRUDE OIL PRICES CRUDE PETROLEUM ELECTRICAL MACHINERY EMPIRICAL ANALYSIS ENERGY CONSERVATION ENERGY COSTS ENERGY PRICES ENERGY PRODUCTS ETHANOL ETHYL ALCOHOL FOREIGN EXCHANGE FUEL FUEL BILLS FUEL EXPORT FUEL EXPORTS FUEL PRICES GAS PRICE INDEX GASES GASOLINE GASOLINE PRICES HEAVY RELIANCE HIGHER OIL PRICES INCOME INCOME EFFECTS INFLATION INTERNATIONAL ENERGY AGENCY INTERNATIONAL OIL PRICES INTERNATIONAL TRADE MILLION BARRELS MILLION BARRELS PER DAY NATURAL GAS NATURAL GAS PRICE NATURAL GAS PRICES NET OIL OIL OIL DEMAND OIL EXPORTER OIL EXPORTERS OIL EXPORTING OIL EXPORTING COUNTRIES OIL IMPORT OIL IMPORT BILL OIL IMPORTER OIL IMPORTERS OIL IMPORTING OIL MARKETS OIL PRICE OIL PRICE FLUCTUATIONS OIL PRICES OIL PRODUCERS OIL PRODUCTION OIL PRODUCTS OIL SECTOR OIL SHOCK OIL SHOCKS OIL SUPPLY OIL SUPPLY DISRUPTIONS OILS OPEC OPEC COUNTRIES PETROLEUM PLASTICS PRICE CAPS PRICE CHANGES PRICE FLUCTUATIONS PRICE FORECAST PRICE INCREASE PRICE INCREASES PRICE INDEX PRICE INDICES PRICE OF NATURAL GAS PRICE OF OIL PRICES INDICES PRIVATE INVESTMENT PRODUCER PRICE PRODUCER PRICE INDEX RAW MATERIALS REGRESSION ANALYSIS RETAIL RETAIL PRICE SHIPS SOY OIL SOYBEAN OIL SPOT PRICES SUBSTITUTE SUPPLY OF CRUDE SURPLUSES SYNTHETIC RUBBER VEHICLES WORLD CONSUMPTION WORLD CRUDE WORLD DEMAND WORLD DEMAND FOR OIL WORLD OIL WORLD OIL CONSUMPTION WORLD OIL DEMAND WORLD OIL PRICES WORLD OIL PRODUCTION World Bank Assessing the Impact of Higher Oil Prices in Latin America |
| geographic_facet |
Latin America & Caribbean |
| description |
For some Latin American countries -
especially, the oil importers in the Caribbean - rising
energy prices could pose a significant threat to their
current account sustainability, particularly if they are
accompanied by other negative shocks. In some countries the
fiscal costs associated with subsidies to protect domestic
consumers have been considerable so far. Hence, a better
understanding of the effects of high oil prices and
potential responses in the region is needed. This report
evaluates the effects of oil shocks on economic performance
for a sample of selected Latin American countries. The
effects at the country level depend not only on the
structural characteristics of the economy, such as the
degree of dependence on oil, but also on the policy
reactions to rising prices. Among the countries included in
our study we have: large economies (Argentina, Brazil,
Colombia and Mexico), net oil exporters (Venezuela and
Ecuador), and net oil importers (Dominican Republic, El
Salvador, Guyana and Honduras). |
| format |
Economic & Sector Work :: General Economy, Macroeconomics and Growth Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Assessing the Impact of Higher Oil Prices in Latin America |
| title_short |
Assessing the Impact of Higher Oil Prices in Latin America |
| title_full |
Assessing the Impact of Higher Oil Prices in Latin America |
| title_fullStr |
Assessing the Impact of Higher Oil Prices in Latin America |
| title_full_unstemmed |
Assessing the Impact of Higher Oil Prices in Latin America |
| title_sort |
assessing the impact of higher oil prices in latin america |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2012/06/16338373/latin-america-caribbean-assessing-impact-higher-oil-prices-latin-america http://hdl.handle.net/10986/11889 |
| _version_ |
1764418285747568640 |