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Analysis of the Robustness of Norway's Economy and Energy Supply/Demand Fluctuations
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Author(s): Maryam Hamledar (University of Tehran, Iran), Reza Saeidi (University of Tehran, Iran)and Alireza Aslani (University of Tehran, Iran)
Copyright: 2019
Pages: 27
Source title:
Economic Dynamics of Global Energy Geopolitics
Source Author(s)/Editor(s): Ahmet Salih Ikiz (Muğla Sıtkı Koçman University, Turkey)
DOI: 10.4018/978-1-5225-4203-2.ch011
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Abstract
The high dependency on fossil fuels, fluctuations in prices and supply have macro/micro-economics effects for both energy exporters and importers. Therefore, understanding economic stability based on energy market changes is an important subject for policymakers and researchers. Norway, as a fossil fuel exporting country, is a good choice for the analysis of the relationships between economic robustness and fossil fuel economic fluctuations. While the country is one of the pioneers in the field of sustainable energy utilization, they have tried to provide a robust economic environment for oil export revenues. In this chapter, the impacts of energy changes on the economy are investigated in Norway. In this regard, first, the impact of oil prices on macro-economic parameters is discussed. Afterwards, the main issues related to energy economics including resilience of the energy sector, energy policies, economics analysis of the energy sector, and the electricity markets are discussed.
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