Oil Surplus Funds: The Impact of the Mode of Placement

Hazem El-Beblawi
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Hazem El-Beblawi: University of Alexandria

Chapter 11 in Financing Problems of Developing Countries, 1985, pp 210-233 from Palgrave Macmillan

Abstract: Abstract 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.

Keywords: OECD Country; Financial Asset; Real Asset; Real Investment; Real Resource (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-06749-7_11

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DOI: 10.1007/978-1-349-06749-7_11

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