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Published in:
1985 | OriginalPaper | Chapter
Oil Surplus Funds: The Impact of the Mode of Placement
Author : Hazem El-Beblawi
Published in: Financing Problems of Developing Countries
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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The increases in oil prices in 1973–4 and 1979 led to a large body of literature, attempting to trace and understand their effects on the world economy. Frequently the analysis focused on the cost effects of higher-priced energy, with little attention given to the macroeconomic effects of the redistribution of world income and of the emergence of oil-surplus funds.