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La Chute Des Prix De Petrole : Quels Impacts Pour L’Economie Tunisienne ?
[How falling oil prices impact tunisia’s economy ?]

Author

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  • Dhaoui, Elwardi

Abstract

Oil prices have fallen by about half since September 2014. The Organization of Petroleum Exporting Countries (OPEC) decided not to reduce production. The euro zone, China, Japan and Russia recorded slower rates of economic growth than expected. All combine to keep a sharp decline of oil prices which can be persistent. This new situation has profoundly changed the economic environment of the country. The impact will vary depending on the countries if they are exporters or importers of oil. For Tunisia, this new situation offers the opportunity to reform energy subsidies and accelerate structural reforms to support growth and employment.

Suggested Citation

  • Dhaoui, Elwardi, 2015. "La Chute Des Prix De Petrole : Quels Impacts Pour L’Economie Tunisienne ? [How falling oil prices impact tunisia’s economy ?]," MPRA Paper 70676, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:70676
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    References listed on IDEAS

    as
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    3. Tang, Weiqi & Wu, Libo & Zhang, ZhongXiang, 2010. "Oil price shocks and their short- and long-term effects on the Chinese economy," Energy Economics, Elsevier, vol. 32(Supplemen), pages 3-14, September.
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    5. Brown, Stephen P. A. & Yucel, Mine K., 2002. "Energy prices and aggregate economic activity: an interpretative survey," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(2), pages 193-208.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    oil; budget balance; external account; subsidies; growth; employment; Tunisia.;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
    • Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices

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