Oil Effect on World Economy

Mihaela Neculita, Daniela Sarpe () and Vasile Mazilescu ()
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Daniela Sarpe: Dunarea de Jos University of Galati, Romania
Vasile Mazilescu: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2006, issue 1, 89-94

Abstract: The paper presents the macroeconomic effects of the oil trade on the world economy, taking into account a number of factors that characterise it: evolution of oil price, as well as dynamics of oil exports, economic increase based on oil of the producing and consuming countries, attempts to diversify their economies in order to get rid of the oil dependence, tendencies and length of these processes, co-operation and role of the countries that are involved in the exchange affairs that deal with this fundamental product called: the blood of economy.

Keywords: Oil trade; production; oil consumption; effects; alternative energies (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2006:i:1:p:89-94

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