Paper on Oil Consumption in Developing Countries
University of tilburg | Oil consumption in less developed countries | Empirical study on oil consumption in less developed countries |
Abstract: This paper investigates the relation between GDP and oil consumption in a sample of 71 LDC’s. Two outlier countries with a deviating rate of oil consumption are found. Equatorial Guinea has relatively low oil consumption, while The Seychelles has relatively high oil consumption, in relation to their GDP. After that possible factors that might affect oil consumption are discussed. The presence of oil fields, dependability on oil, inequality, distribution of income and the distribution of GDP and labor between sectors are the main factors that influence oil consumption. After that research is done into the background and history of the countries. The factors that were found are applied to the countries and the conclusion is drawn based on that. |
Table of contents
Chapter 1 – Introduction 3
1.1 Motivation 3
1.2 Research goals and structure 3
1.3 Structure 3
1.4 Problem definition 3
Chapter 2 – Data analysis 4
2.1 Sample 4
2.2 Sample characteristics 4
2.3 Data analysis 4
2.4 Outliers 4
Chapter 3 – Internal and external factors affecting oil consumption 6
3.1 The presence of (un)developed oil fields in a country 6
3.2 The dependability on oil and the availability of other fossil fuels 6
3.3 The degree of inequality or income distribution 6
3.4 The distribution of labor and capital among the sectors and the 6 output of the sectors
Chapter 4 – Outliers: Equatorial Guinea and The Seychelles 7
4.1 Equatorial Guinea 7
4.1a Introduction 7
4.1b Factors affecting oil consumption in Equatorial Guinea 8
4.2 The Seychelles 10
4.2a Introduction 10
4.2b Factors affecting oil consumption in The Seychelles 11
Chapter 5 – Conclusion altogether 13
Abstract: This paper investigates the relation between GDP and oil consumption in a sample of 71 LDC’s. Two outlier countries with a deviating rate of oil consumption are found. Equatorial Guinea has relatively low oil consumption, while The Seychelles has relatively high oil consumption, in relation to their GDP. After that possible factors that might affect oil consumption are discussed. The presence of oil fields, dependability on oil, inequality, distribution of income and the distribution of GDP and labor between sectors are the main factors that influence oil consumption. After that research is done into the background and history of the countries. The factors that were found are applied to the countries and the conclusion is drawn based on that. |
Table of contents
Chapter 1 – Introduction 3
1.1 Motivation 3
1.2 Research goals and structure 3
1.3 Structure 3
1.4 Problem definition 3
Chapter 2 – Data analysis 4
2.1 Sample 4
2.2 Sample characteristics 4
2.3 Data analysis 4
2.4 Outliers 4
Chapter 3 – Internal and external factors affecting oil consumption 6
3.1 The presence of (un)developed oil fields in a country 6
3.2 The dependability on oil and the availability of other fossil fuels 6
3.3 The degree of inequality or income distribution 6
3.4 The distribution of labor and capital among the sectors and the 6 output of the sectors
Chapter 4 – Outliers: Equatorial Guinea and The Seychelles 7
4.1 Equatorial Guinea 7
4.1a Introduction 7
4.1b Factors affecting oil consumption in Equatorial Guinea 8
4.2 The Seychelles 10
4.2a Introduction 10
4.2b Factors affecting oil consumption in The Seychelles 11
Chapter 5 – Conclusion altogether 13