Macroeconomic Prospects for a Small Oil Exporting Country

• 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.

'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)