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Energy Demand in Jordan: A Case Study of Energy-Economy Linkages

Abstract:
Higher world oil prices in the past decade have caused serious economic disruptions in most developing countries, which as a group are highly dependent on imported oil in relation to both the sizes of their economies and their total imports. I Increased oil bills have frequently led to lower aggregate growth rates, more severe balance-of-payments and debt problems, disruptions in energy-using sectors, and domestic inflation. Whether or not world oil prices resume their upward spiral, the oil-importing developing countries will continue to face serious macro-economic adjustment problems related in one way or another to energy.

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Energy Specializations: Energy Modeling – Sectoral Energy Demand & Technology; Energy Access – Energy Poverty and Equity

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, Q35: Hydrocarbon Resources, Q38: Nonrenewable Resources and Conservation: Government Policy

Keywords: Energy demand, Jordan, Developing countries, Oil imports, Oil prices

DOI: 10.5547/ISSN0195-6574-EJ-Vol5-No4-1

Published in Volume 5, Number 4 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.

 

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