The impact of oil price shocks on economic growth in middle income developing countries
Global Sustainability Project, Center for Human Systems, Institute for Environmental Studies, University of Wisconsin-Madison, 1988 - Sustainable development - 52 pages
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adjustment analysis annual GDP growth average annual GDP Boughton capita Commercial Energy Consumption Country Groupings country i R-squared cross section decline Dunkerley economic growth elasticity of energy energy consumption continued energy import dependence energy imports/merchandise exports energy intensity Figure GDP growth rate gross domestic investment gross domestic product growth of energy high levels IMPACT OF OIL imported energy importing developing countries imports to merchandise income developing countries income elasticity income oil exporters industrialized countries levels of energy low income economies Mackillop major oil exporting mean annual GDP middle income developing middle income economies middle income oil MIOI's and MIOX's models Nigeria non-oil developing countries OIDC's oil exporting countries oil importing developing oil price increases oil price shocks oil shock OXDC's period policies rates of economic rates of investment ratio of energy shocks of 1973 SHOCKS ON ECONOMIC South Korea Std error Trinidad and Tobago Tunisia World Bank 1981