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dc.contributor.authorSolheim, Haakon
dc.description.abstractOil prices have risen markedly in recent years. An oil price increase affects the Norwegian economy through various different channels. Some sectors will experience increased demand, while others will be affected mainly through higher costs. Given limited idle resources in the economy, increased activity in one sector will divert resources away from other sectors. Although higher oil prices will boost Norway’s national wealth, it is therefore not a given that the net effect will be an increase in mainland GDP in the short term. It is conceivable that activity will fall even if wealth rises. In practice, however, we find a positive relationship for Norway.nb_NO
dc.publisherNorges Banknb_NO
dc.relation.ispartofseriesEconomic Commentaries;2/2008
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.titleEffects of Higher Oil Prices on the Norwegian Economynb_NO
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212nb_NO

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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal