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MENA Quarterly Economic Brief, January 2015 : Plunging Oil Prices

Author

Listed:
  • Shanta Devarajan
  • Lili Mottaghi

Abstract

This issue of the MENA Quarterly Economic Brief focuses on the implications of low oil prices for eight developing countries, or the MENA-8 (oil importers: Egypt, Tunisia, Lebanon and Jordan and oil exporters: Iran, Iraq, Yemen and Libya) and the economies of the GCC (Gulf Cooperation Council), who play a major role in providing funds in the form of aid, investment, tourism revenues and remittances to the rest of the countries of the region. We make the following assumptions about the future price of oil: (i) The price will average $65 Brent p/b in 2015; (ii) a higher price $78 Brent p/b will be used for comparison analysis. As with other economic variables, there is uncertainty associated with the future price of oil, which adds to the error involved in projections. The data for 2015 2017 in the figures and tables are projections. These projections are based on statistical information available through early January 2015.

Suggested Citation

  • Shanta Devarajan & Lili Mottaghi, "undated". "MENA Quarterly Economic Brief, January 2015 : Plunging Oil Prices," World Bank Publications - Reports 21349, The World Bank Group.
    • Handle: RePEc:wbk:wboper:21349
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    Citations

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    Cited by:

    1. Alshammari Nayef & Faras Reyadh & Alshuwaiee Wael, 2022. "Economic and Political Drivers of Remittance Transfer," South East European Journal of Economics and Business, Sciendo, vol. 17(1), pages 54-67, June.
    2. Hashem Omrani & Mahsa Valipour & Ali Emrouznejad, 2019. "Using Weighted Goal Programming Model for Planning Regional Sustainable Development to Optimal Workforce Allocation: An Application for Provinces of Iran," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(3), pages 1007-1035, February.
    3. Ehouman, Yao Axel, 2021. "Dependence structure between oil price volatility and sovereign credit risk of oil exporters: Evidence using a copula approach," International Economics, Elsevier, vol. 168(C), pages 76-97.
    4. Elena Ianchovichina & Lili Mottaghi & Shantayanan Devarajan, "undated". "Middle East and North Africa Economic Monitor, October 2015," World Bank Publications - Reports 22711, The World Bank Group.
    5. Yao Axel Ehouman, 2021. "Dependence structure between oil price volatility and sovereign credit risk of oil exporters : Evidence using a Copula Approach," Post-Print hal-03348410, HAL.
    6. Shantayanan Devarajan & Lili Mottaghi, "undated". "MENA Quarterly Economic Brief, January 2016," World Bank Publications - Reports 23705, The World Bank Group.
    7. Yao Axel Ehouman, 2020. "Dependence structure between oil price volatility and sovereign credit risk of oil exporters: Evidence using a Copula Approach," EconomiX Working Papers 2020-31, University of Paris Nanterre, EconomiX.
    8. Shanta Devarajan & Lili Mottaghi, "undated". "MENA Quarterly Economic Brief, July 2015," World Bank Publications - Reports 22294, The World Bank Group.

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