Titlebook: Macroeconomic Prospects for a Small Oil Exporting Country; Olav Bjerkholt,Erik Offerdal Book 1985 Martinus Nijhoff Publishers, Dordrecht 1

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殖民地

foreign

Judicious

amphibian

grounded

meditation

厭煩

cravat

Certainty Equivalence Procedures in the Macroeconomic Planning of an Oil Economydel is solved under simplified assumptions and some properties of the solution are presented. The last part of the paper is devoted to numerical explorations in applying certainty equvalence procedures in optimizing the consumption path and capital accumulation.

尖叫

Measuring the Consequences of the Take or Pay Clauses in Natural Gas Consuming Countries gas with oil products in the main industries and in the power sector. Other substitutions with capital, labour, electrical energy and other material are also allowed in the industrial sectors. The analysis is presented in the context of the Belgian situation but with artificial data.