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Changes in Oil Demand in Oil-importing Developing Countries: The Case of the Philippines

Author

Listed:
  • Jayant Sathaye
  • Stephen Meyers

Abstract

Oil and energy use in developing countries has undergone a significant evolution in the past several years. For nearly all oil-importing developing countries (OIDCs), the two sharp oil price increases in 1973-1974 and 1978-1979 brought a large rise in import bills. With the 1973-1974 price rise, there is some indication that short-run impacts on the external economy were handled without major disruption (Dunkerley and Steinfeld, 1980). The second oil price increase, combined with worldwide recession and the diminishing world trade, caused economic growth to stagnate far more than did the first price increase (tiara, 1984).

Suggested Citation

  • Jayant Sathaye & Stephen Meyers, 1986. "Changes in Oil Demand in Oil-importing Developing Countries: The Case of the Philippines," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 171-179.
    • Handle: RePEc:aen:journl:1986v07-02-a12
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    Cited by:

    1. Deluna, Roperto S. & Loanzon, Jeanette Isabelle V. & Tatlonghari, Virgilio M., 2021. "A nonlinear ARDL model of inflation dynamics in the Philippine economy," Journal of Asian Economics, Elsevier, vol. 76(C).

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    JEL classification:

    • F0 - International Economics - - General

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