IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/24463.html
   My bibliography  Save this paper

OPEC and the non-oil developing countries in the 1970s

Author

Listed:
  • Hallwood, Paul
  • Sinclair, Stuart

Abstract

This paper assesses the nature of the economic relationships which evolved between members of the Organization of Petroleum Exporting Countries and the non-oil less developed countries in the several years following the oil shocks of 1973 and 1974. Since these relationships can be appraised only against the background of the world economic system and its institutions at that time, attention is first focused on those issues. It is argued that no simple or easily interpreted economic relationship existed between these economic groups of developing countries; all are tied up in the matrix of the wider world economic system.

Suggested Citation

  • Hallwood, Paul & Sinclair, Stuart, 1981. "OPEC and the non-oil developing countries in the 1970s," MPRA Paper 24463, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:24463
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/24463/2/MPRA_paper_24463.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bela Balassa, 1981. "The newly-industrializing developing countries after the oil crisis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 117(1), pages 142-194, March.
    2. Paul Hallwood & Stuart Sinclair, 2017. "Oil, Debt and Development: OPEC in the Third World," Working papers 2017-16, University of Connecticut, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Covi, Giovanni, 2014. "The First Oil Shock, Stylized Facts, Reflections and The Easterly Puzzle in a Forty-Year Retrospective," MPRA Paper 58130, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bekker Z., 1987. "International employment policies: adjustment patterns and problems in Eastern European countries: an international comparison," ILO Working Papers 992539073402676, International Labour Organization.
    2. Balassa, Bela, 1989. "Adjustment policies in East Asia," Policy Research Working Paper Series 280, The World Bank.
    3. Peter Nunnenkamp & Hartmut Picht, 1989. "Willful default by developing countries in the 1980s: A cross-country analysis of major determinants," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 125(4), pages 681-702, December.
    4. Picht, Hartmut & Stüven, Volker, 1988. "Selective and unspecific expropriation of foreign direct investments: Empirical evidence and implications for the debt crisis," Kiel Working Papers 344, Kiel Institute for the World Economy (IfW Kiel).
    5. Chad S. Boda & Turaj Faran, 2018. "Paradigm Found? Immanent Critique to Tackle Interdisciplinarity and Normativity in Science for Sustainable Development," Sustainability, MDPI, vol. 10(10), pages 1-28, October.
    6. Barakat, Sultan & Zyck, Steven A., 2010. "Gulf state assistance to conflict-affected environments," LSE Research Online Documents on Economics 55240, London School of Economics and Political Science, LSE Library.
    7. Vollrath, Thomas L., 1985. "Dynamics of Comparative Advantage and the Resistance to Free Trade," Foreign Agricultural Economic Report (FAER) 147534, United States Department of Agriculture, Economic Research Service.
    8. Merle Holden, 1993. "Lessons for South Africa from the New Growth and Trade Theories," South African Journal of Economics, Economic Society of South Africa, vol. 61(4), pages 262-270, December.
    9. Eric Werker & Faisal Z. Ahmed & Charles Cohen, 2009. "How Is Foreign Aid Spent? Evidence from a Natural Experiment," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(2), pages 225-244, July.
    10. Faizal Z. Ahmed & Eric Werker, 2012. "Unobserved State Fragility and the Political Transfer Problem," Harvard Business School Working Papers 13-009, Harvard Business School.
    11. Jaime De Melo & Ricardo Pascale & James Tybout, 1985. "Uruguay 1973-1981: Interrelación entre Shocks Financieros y Reales," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 22(65), pages 73-98.
    12. Ana I. Sanjuán‐López & P. J. Dawson, 2010. "Agricultural Exports and Economic Growth in Developing Countries: A Panel Cointegration Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 61(3), pages 565-583, September.
    13. Nunnenkamp, Peter & Picht, Hartmut, 1988. "Debt repudiation by developing countries in the 1980s: a cross-country analysis of major determinants," Kiel Working Papers 313, Kiel Institute for the World Economy (IfW Kiel).
    14. Gupta, Sanjeev & Togan, Sübidey, 1982. "On managing adjustment to external shocks in oil importing developing countries," Kiel Working Papers 149, Kiel Institute for the World Economy (IfW Kiel).
    15. Chung Ming Wong, 1987. "Trends and Patterns of Singapore's Trade in Manufactures," NBER Chapters, in: Trade and Structural Change in Pacific Asia, pages 379-432, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    non-oil developing countries; oil shock; OPEC; terms of trade.;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:24463. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.