Analysis of the Iran Oil Embargo

Alban Kitous, Bert Saveyn, Steve Gervais (), Tobias Wiesenthal and Antonio Soria ()
Additional contact information
Steve Gervais: European Commission JRC, https://joint-research-centre.ec.europa.eu/index_en
Antonio Soria: European Commission JRC, https://joint-research-centre.ec.europa.eu/index_en

No JRC77983, JRC Research Reports from Joint Research Centre

Abstract: This report analyses the macro-economic, sectoral, and energy effects of an Iranian oil embargo. Five scenarios are analysed reflecting various degrees of oil scarcity on the global market and different sizes of embargo coalitions. The report estimates the macro-economic impacts using the global general equilibrium model GEM-E3. The international oil and energy markets are assessed with the POLES model. This provides the impacts in prices and quantities in the international energy (oil) market. Impacts on trade flows regarding refined oil products are estimated with the OURSE model.

Keywords: oil embargo; Iran; modelling; oil market; macro-economic impact (search for similar items in EconPapers)
Pages: 30 pages
Date: 2013-01
New Economics Papers: this item is included in nep-ara and nep-ene
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc77983

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