Adjustment in Oil-Importing Developing Countries: A Comparative Economic Analysis - Hardcover

Hardcover

ISBN 10: 0521443164 ISBN 13: 9780521443166

Publisher: Cambridge University Press, 1994

Synopsis

The two oil price shocks of 1973-74 and 1979-80 have been by far the largest price movements to occur in the international economy in the postwar period. This book analyses the adjustments made by oil importing developing countries to those shocks with a view both to understanding an important episode in recent economic history, and to eliciting lessons that can guide successful adjustment to similar events in the future. Unlike other treatments of this subject, the findings of the study are derived by combining a broad-brush approach that covers a large number of countries with the development of techniques that permit an in-depth investigation into a few selected countries. The study develops quantitative economic methods and applies them to contemporary problems in order to yield useful insights for policy makers.

About this title

Review

"A number of audiences will find this book useful. Students of India, Thailand, Kenya, and Turkey will find good summaries of macroeconomic activity in those countries during the 1960s and 1970s, as well as an introduction to CGE modeling for them." Journal of Economic Literature

Book Description

The two oil price shocks of 1973-74 and 1979-80 have been by far the largest price movements to occur in the international economy in the postwar period. This book analyses adjustment of oil importing developing countries to those shocks.

Edition details

• Publisher: Cambridge University Press
• Publication date: 1994
• Language: English
• ISBN 10: 0521443164
• ISBN 13: 9780521443166
• Binding: Hardcover
• Number of pages: 336
• Editor: Mitra Pradeep K.