Adjustment in oil-importing developing countries
Subtitle: a comparative economic analysis
By: [edited by] Pradeep K. Mitra.
Contributors: Mitra, Pradeep.
Publisher: Cambridge University Press
Published: 1994
Place of publication: Cambridge [England]; New York, NY, USA
Language: eng
Number of pages: 321
Subjects: Structural adjustment (Economic policy) -- Developing countries -- Econometric models.; Petroleum products -- Prices -- Developing countries -- Econometric models.
Description: The two oil price shocks of 1973-4 and 1979-80 have been by far the largest price movements to occur in the international economy in the postwar period. The book analyzes the 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.

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
Notes: Includes bibliographical references (p. 304-309) and index.