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- W2288003764 abstract "Over the past decade and a half, the liquidity problems of non-oilproducing developing countries (hereafter developing countries) have been exacerbated by two factors. First, the typical developing country relies to a considerable extent on the export of a few primary products to generate foreign exchange for financing its imports. The recent softening of many of the markets for these products has resulted in a decline in foreign exchange earnings. Second, the precipitous increase in the cost of imported oil has had a deleterious impact on the balance of payments of many developing countries. Although world petroleum prices have recently declined, the adverse economic effects of the two oil price shocks of the 1970s have lingered. In this environment, one of the ways in which developing countries can ameliorate liquidity problems is to develop internal energy resources to offset the payments problems associated with importing petroleum. Developing internal energy resources requires an assessment of energy options to provide decisionmakers with a menu of feasible alternatives from which to choose. One of the important information requirements in developing feasible energy alternatives is an estimate of future energy demand in the country. Supply options must be assessed in the context of prospective demand by fuel type. There are a number of approaches to estimating future energy demand. At one extreme, historical energy consumption data can simply be extrapolated into the future. At the other extreme, a general equilibrium model, capturing the interrelationships between individual sectors of the economy, can be constructed to simulate energy demand. Within this" @default.
- W2288003764 created "2016-06-24" @default.
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- W2288003764 date "1987-01-01" @default.
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- W2288003764 title "Modeling the Macroeconomy/Energy Economy Relationship in Developing Countries: The Case of Liberia" @default.
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