IDEAS home Printed from https://ideas.repec.org/a/wej/wldecn/374.html
   My bibliography  Save this article

Will Economic Recovery Drive up World Oil Prices?

Author

Listed:
  • F. Gerard Adams

Abstract

Globalisation has gone a long way towards freeing individual economies from their resource and technology constraints. But, paradoxically, as large economies grow, their need for resources may strain availability on a worldwide basis, causing commodity prices to rise, with adverse consequences for inflation, trade balance and growth. This paper is concerned with recent developments, focusing particularly on the petroleum market. The recent upsurge and collapse of world petroleum prices reflects underlying demand and supply conditions, augmented by speculative behaviour. Even though petroleum prices have declined as the world economy has gone into recession, the conflict between growth of demand for petroleum and resource availability may reappear during the recovery phase of the cycle.

Suggested Citation

  • F. Gerard Adams, 2009. "Will Economic Recovery Drive up World Oil Prices?," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 10(2), pages 1-26, April.
    • Handle: RePEc:wej:wldecn:374
    as

    Download full text from publisher

    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=374
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Byron Gangnes, 2010. "Alternative Policies for US Economic Recovery," Working Papers 201002, University of Hawaii at Manoa, Department of Economics.
    2. Andrew Filardo & Marco Jacopo Lombardi, 2014. "Has Asian emerging market monetary policy been too procyclical when responding to swings in commodity prices?," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation, inflation and monetary policy in Asia and the Pacific, volume 77, pages 129-153, Bank for International Settlements.
    3. Ken Coutts & Bob Rowthorn, 2009. "Prospects for the UK Balance of Payments," Working Papers wp394, Centre for Business Research, University of Cambridge.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wej:wldecn:374. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ed Jones (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.