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Oil prices and the developing countries- the evidence of the last decade


  • Chichilnisky, Graciela


Many of the present difficulties of the world economy have been blamed on the two oil-price explosions of the 1970s. Professor Chichilnisky shows that, at least in the case of the oil-importing developing countries, the negative effects have been overestimated. In fact, in some respects the oil exporters among the developing countries fared worse than the oil importers.

Suggested Citation

  • Chichilnisky, Graciela, 1985. "Oil prices and the developing countries- the evidence of the last decade," MPRA Paper 8091, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:8091

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    References listed on IDEAS

    1. Kalai, Ehud & Schmeidler, David, 1977. "Aggregation Procedure for Cardinal Preferences: A Formulation and Proof of Samuelson's Impossibility Conjecture," Econometrica, Econometric Society, vol. 45(6), pages 1431-1438, September.
    2. Graciela Chichilnisky, 1982. "Social Aggregation Rules and Continuity," The Quarterly Journal of Economics, Oxford University Press, vol. 97(2), pages 337-352.
    3. Chichilnisky, Graciela & Heal, Geoffrey, 1983. "Necessary and sufficient conditions for a resolution of the social choice paradox," Journal of Economic Theory, Elsevier, vol. 31(1), pages 68-87, October.
    4. Graciela Chichilnisky, 1980. "Continuous Representation of Preferences," Review of Economic Studies, Oxford University Press, vol. 47(5), pages 959-963.
    5. Chichilnisky, Graciela, 1982. "The topological equivalence of the pareto condition and the existence of a dictator," Journal of Mathematical Economics, Elsevier, vol. 9(3), pages 223-233, March.
    6. Graciela Chichilnisky, 1981. "Existence and Characterization of Optimal Growth Paths Including Models with Non-Convexities in Utilities and Technologies," Review of Economic Studies, Oxford University Press, vol. 48(1), pages 51-61.
    7. Chichilnisky, Graciela, 1982. "Structural instability of decisive majority rules," Journal of Mathematical Economics, Elsevier, vol. 9(1-2), pages 207-221, January.
    8. Chichilnisky, Graciela, 1980. "Social choice and the topology of spaces of preferences," MPRA Paper 8006, University Library of Munich, Germany.
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    More about this item


    oil; exports; developing countries; growth; north-south; trade; exportation; OPEC; investment; productivity; agriculture; debt;

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices


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