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Analysis of the Iran Oil Embargo

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Abstract

This report analyses the macro-economic, sectoral, and energy effects of an Iranian oil embargo. Five scenarios are analysed reflecting various degrees of oil scarcity on the global market and different sizes of embargo coalitions. The report estimates the macro-economic impacts using the global general equilibrium model GEM-E3. The international oil and energy markets are assessed with the POLES model. This provides the impacts in prices and quantities in the international energy (oil) market. Impacts on trade flows regarding refined oil products are estimated with the OURSE model.

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File URL: http://publications.jrc.ec.europa.eu/repository/handle/111111111/27249
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Bibliographic Info

Paper provided by Institute for Prospective and Technological Studies, Joint Research Centre in its series JRC-IPTS Working Papers with number JRC77983.

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Length: 30 pages
Date of creation: Jan 2013
Date of revision:
Handle: RePEc:ipt:iptwpa:jrc77983

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Keywords: oil embargo; Iran; modelling; oil market; macro-economic impact;

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