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

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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 analyzes 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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Editorial Reviews

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"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
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Product Details

  • ISBN-13: 9780521443166
  • Publisher: Cambridge University Press
  • Publication date: 2/3/1994
  • Pages: 336
  • Product dimensions: 5.98 (w) x 8.98 (h) x 0.87 (d)

Table of Contents

1. Introduction Pradeep Mitra; 2. Shocks and adjustment: a comparative analysis Pradeep Mitra; 3. Towards policy-based analysis Pradeep Mitra and Alan Roe; 4. The structure of the country models Henrik Dahl and Pradeep Mitra; 5. Country studies Pradeep Mitra; 6. Adjustment with growth or stagnation: India 1973-74 to 1983-84 Pradeep Mitra and Suresh Tendulkar; 7. Growth without adjustment: Thailand 1973-82 Shanta Devarajan and Hector Sierra; 8. 'Overshooting' adjustment in a primary producing country: Kenya 1973-1982 Alan Roe and Shyamalendu Pal; 9. Adjustment in an inward-oriented economy: Turkey 1973-1981; 10. Conclusions Pradeep Mitra

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