New constraints in absorptive capacity and the optimum rate of petroleum output
Abstract
Economic policy in four oil-producing countries is analyzed within a framework that combines a qualitative assessment of the policy-making process with an empirical formulation based on historical and current trends in these countries. The concept of absorptive capacity is used to analyze the optimum rates of petroleum production in Iran, Iraq, Saudi Arabia, and Kuwait. A control solution with an econometric model is developed which is then modified for alternative development strategies based on analysis of factors influencing production decisions. The study shows the consistencies and inconsistencies between the goals of economic growth, oil production, and exports, and the constraints on economic development. Simulation experiments incorporated a number of the constraints on absorptive capacity. Impact of other constraints such as income distribution and political stability is considered qualitatively. (DLC)
- Authors:
- Publication Date:
- Research Org.:
- Colorado Univ., Boulder (USA). International Research Center for Energy and Economic Development
- OSTI Identifier:
- 6744932
- Report Number(s):
- DOE/IA/10056-T1
ON: DE83001109
- DOE Contract Number:
- AC01-80IA10056
- Resource Type:
- Technical Report
- Resource Relation:
- Other Information: Portions of document are illegible
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 29 ENERGY PLANNING, POLICY AND ECONOMY; 02 PETROLEUM; IRAN; ECONOMETRICS; IRAQ; KUWAIT; PETROLEUM; PRODUCTION; SAUDI ARABIA; CONSTRAINTS; ECONOMIC GROWTH; ECONOMIC POLICY; INVESTMENT; OPTIMIZATION; ASIA; DEVELOPING COUNTRIES; ECONOMICS; ENERGY SOURCES; FOSSIL FUELS; FUELS; GOVERNMENT POLICIES; MIDDLE EAST; 294002* - Energy Planning & Policy- Petroleum; 020700 - Petroleum- Economics, Industrial, & Business Aspects
Citation Formats
El Mallakh, R. New constraints in absorptive capacity and the optimum rate of petroleum output. United States: N. p., 1980.
Web. doi:10.2172/6744932.
El Mallakh, R. New constraints in absorptive capacity and the optimum rate of petroleum output. United States. https://doi.org/10.2172/6744932
El Mallakh, R. 1980.
"New constraints in absorptive capacity and the optimum rate of petroleum output". United States. https://doi.org/10.2172/6744932. https://www.osti.gov/servlets/purl/6744932.
@article{osti_6744932,
title = {New constraints in absorptive capacity and the optimum rate of petroleum output},
author = {El Mallakh, R},
abstractNote = {Economic policy in four oil-producing countries is analyzed within a framework that combines a qualitative assessment of the policy-making process with an empirical formulation based on historical and current trends in these countries. The concept of absorptive capacity is used to analyze the optimum rates of petroleum production in Iran, Iraq, Saudi Arabia, and Kuwait. A control solution with an econometric model is developed which is then modified for alternative development strategies based on analysis of factors influencing production decisions. The study shows the consistencies and inconsistencies between the goals of economic growth, oil production, and exports, and the constraints on economic development. Simulation experiments incorporated a number of the constraints on absorptive capacity. Impact of other constraints such as income distribution and political stability is considered qualitatively. (DLC)},
doi = {10.2172/6744932},
url = {https://www.osti.gov/biblio/6744932},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Tue Jan 01 00:00:00 EST 1980},
month = {Tue Jan 01 00:00:00 EST 1980}
}