Original title: The sensitivity analysis of the change in oil price on Norwegian government budget in years 2005-2015
Translated title: The sensitivity analysis of the change in oil price on Norwegian government budget in years 2005-2015
Authors: Yarova, Hanna ; Pekárek, Štěpán (advisor) ; Prokop, Jaromír (referee)
Document type: Bachelor's theses
Year: 2017
Language: eng
Publisher: Vysoká škola ekonomická v Praze
Abstract: [eng] [cze]
This study selectively surveys, unifies and extends the literature on the volatility of prices on commodity goods, in particular oil and its effect on the government budget of Norway in the period from 2005 until 2015. It employs an analytic framework that examines the sensitivity of the economical channels that connect the government budget of Norway to the offshore economy. Data was gathered from the reports provided by the Ministry of Finance, Statistics Norway and Norges Bank. Findings suggest that oil price is an important factor affecting the government revenues and expenditures and that from the assesses channels only the channel of Government Pension Fund Global in Norway is the least sensitive to fluctuation in the oil prices. This study selectively surveys, unifies and extends the literature on the volatility of prices on commodity goods, in particular oil and its effect on the government budget of Norway in the period from 2005 until 2015. It employs an analytic framework that examines the sensitivity of the economical channels that connect the government budget of Norway to the offshore economy. Data was gathered from the reports provided by the Ministry of Finance, Statistics Norway and Norges Bank. Findings suggest that oil price is an important factor affecting the government revenues and expenditures and that from the assesses channels only the channel of Government Pension Fund Global in Norway is the least sensitive to fluctuation in the oil prices. .
Keywords: Government budget; Government Pension Fund Global; Norway; Oil prices; Petroleum taxes; Government Budget; Government Pension Fund Global; Norway; Oil prices; Petroleum taxes

Institution: University of Economics, Prague (web)
Document availability information: Available in the digital repository of the University of Economics, Prague.
Original record: http://www.vse.cz/vskp/eid/70422

Permalink: http://www.nusl.cz/ntk/nusl-359328


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Universities and colleges > Public universities > University of Economics, Prague
Academic theses (ETDs) > Bachelor's theses