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

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Cambridge University Press, Feb 3, 1994 - Business & Economics - 321 pages
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The two oil price shocks of 1973SH74 and 1979SH80 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 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. The study develops quantitative economic methods and applies them to contemporary problems in order to yield useful insights for policy makers
 

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Contents

a comparative analysis
8
Toward policybased analysis
45
The structure of the country models
74
Country studies
133
India 19734
146
Thailand 1973 82
193
Turkey 197381
254
Conclusions
289
Growthoriented adjustment
295
Index
310
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