The Maxwell School
Syracuse University
Syracuse University
The Effects of Oil Price Shocks
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Berndt, Ernst R. and David O. Wood (1975), "Technology, Prices and the Derived Demand for Energy," Review of Economics and Statistics, 57(3): 259-68. | |
Gately, Dermot (1984), "A Ten-Year Retrospective: OPEC and the World Oil Market," Journal of Economic Literature, 22, 1100-14. | |
Jorgenson, Dale W. and Peter J. Wilcoxen (1991), "Global Change, Energy Prices and U.S. Economic Growth," Structural Change and Economic Dynamics, 3(1), pp. 135-154. (A general equilibrium study finding that oil prices accounted for only about 1/6 of the slow down in U.S. growth in the 1970's and 1980's.) | |
Mork, Knut Anton and Robert E. Hall (1980), "Energy Prices and the US Economy in 1979-1981," Energy Journal, 1(2): 41-53. | |
Energy Conservation
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Lovins, Amory B., Ralph C. Cavanagh, Roger W. Sant, Dennis W. Bakke and Roger F. Naill (1984), Creating Abundance: America's Least Cost Energy Strategy, New York: McGraw Hill. (Lovins is a leading advocate of the view that investing in better energy technology, such as high-efficiency motors and light bulbs, would be profitable because the savings in energy costs exceed the cost of the technology.) | |
Costello, Kenneth W. (1987), "Ten Myths of Energy Conservation," Public Utilities Fortnightly, March 19, 1987. | |
Jaffee, Adam B. and Robert N. Stavins (1991), "The Energy Paradox and the Diffusion of Conservation Technology," mimeo, December. |