The Effect of Changes in World Crude Oil Prices on U.S. Automobile Exports

Maksim BELENKİY; Stefan OSBORNE

Article Details

The Effect of Changes in World Crude Oil Prices on U.S. Automobile Exports

Authors:

Maksim BELENKİY | Stefan OSBORNE

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Energy Economics and Policy 2012 Vol.2 Issue 3, pp.147-158

Document Type:

Article

Publication Date:

8/2012

Document Language:

Turkish

Document ID (Org No.):

2000816920

Frequency:

Bimonthly

eISSN:

2146-4553

Abstract:

 

This study describes an export model where consumers differentiate between different types of automobiles by the distance they can travel on one dollar’s worth of fuel. The model predicts that the overall demand for vehicles falls as crude oil prices rise, and that the demand for less fuel-efficient vehicles falls relatively more. In particular, we estimate that between 2007 and 2008, when the crude oil prices increased by 32 percent, the export demand for the SUVs manufactured in the United States declined by over $700 million. This implies that the relatively less fuel-efficient U.S.-model vehicles will tend to suffer a competitive disadvantage worldwide when crude oil prices are high. We discuss the potential role of the proposed CAFÉ standards in improving fuel-efficiency and growing exports of the U.S. vehicle fleet.

Article Details

The Effect of Changes in World Crude Oil Prices on U.S. Automobile Exports

Authors: Maksim BELENKİY | Stefan OSBORNE

Publisher: İlhan ÖZTÜRK

Journal: International Journal of Energy Economics and Policy 2012 Vol.2 Issue 3, pp.147-158

Document Type: Article

Publication Date: 8/2012

Document Language: Turkish

Document ID (Org No.): 2000816920

Frequency: Bimonthly

eISSN: 2146-4553

Issues

Authors:

Maksim BELENKİY | Stefan OSBORNE

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Energy Economics and Policy 2012 Vol.2 Issue 3, pp.147-158

Document Type:

Article

Publication Date:

8/2012

Document Language:

Turkish

Document ID (Org No.):

2000816920

Frequency:

Bimonthly

eISSN:

2146-4553