Oil prices, capital mobility and oil importers: a general equilibrium macro analysis

Arturo González Romero
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Arturo González Romero: Universidad Complutense de Madrid, Departamento de Análisis económico

No 87-19, Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales

Abstract: The aim of this paper is to explore the general macro characteristics of the trading economies that can help us understand the world economy response after OPEC I and OPEC II in terms of the evolution of the North-South terms of trade, rates of profit and output levels. Therefore, we support the view of the world economy in a three regional setting, North-South-OPEC.

Keywords: Comercio; Petroleo; OPEC; Precios del petroleo; Importadores de petroleo; Movilidad del capital. (search for similar items in EconPapers)
Pages: 36 pages
Date: 1987
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