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The Oil Market in the 1980's: A Decade of Decline
The Oil Market in the 1980's: A Decade of Decline
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The Oil Market in the 1980's: A Decade of Decline

by Bernard S. Katz, Siamack Shojai. 264 pgs.

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publication details

Contributors:

   Bernard S. Katz, Siamack Shojai

Publisher:

   Praeger Publishers

Place of Publication:

  New York  

Publication Year:

  1992
Subjects:   Petroleum Industry And Trade
Table of contents
Contents
Tables ix
Preface xi
Introduction by SIAMACK SHOJAI and BERNARD S. KATZ xiii
Part I OPEC AND NON-OPEC SUPPLIER EXPERIENCE
1. Falling Oil Prices and Exchange Rate Fluctuation by SE-HARK PARK 3
2. A Theoretical Framework for Macroeconomic Modeling of OPEC Members by SIAMACK SHOJAI 17
3. OPEC Strategies for the Monopoly Oil Profits by YOUSAF HASAN J. MOHAMMAD 23
4. The Mexican Experience by ERIC G. DAVIS 41
5. Fiscal Stress in Saudi Arabia: Budgetary Adjustments in an Era of Declining Oil Revenues by ROBERT E. LOONEY 59
Part II THE OIL IMPORTERS' ADJUSTMENT AND RESPONSE
6. Oil in the 1980s: An OECD Perspective by EDWARD T. DOWLING and FRANCIS G. HILTON 71
7. Petroleum Prices and Economic Performance in the G-7 Countries by DOMINICK SALVATORE 89
8. World Oil Prices and Macroeconomic Activity in the OECD by GREG A. WINCZEWSKI 103
9. The U.S. Oil Industry Response by MARGARET A. WALLS and ANDREW S. JONES 115
10. Changes in World Oil Prices, 1980-1988: A General Equilibrium Perspective by ROY BOYD , RAJINDAR K. KOSHAL , and NOEL D. URI 131
Part III OIL PRICES AND THE LDCs
11. Third World Debt and Oil Prices by HAMID ZANGENEH 153
12. Changing Terms of Trade and the LDCs by ABBAS POURGERAMI 161
13. OPEC Aid to Less-Developed Countries by IRA N. GANG 169
Part IV THE LEARNING CURVE
14. Predicting the Price of Oil by NACI H. MOCAN and AHMET E. KOCAGIL 189
15. Futures Market for Crude Oil by KAMRAN M. DADKHAH 207
16. Measuring the Effects of Changing Oil Prices by ANTHONY E. BOPP and GEORGE M. LADY 221
Select Bibliography 233
Index 243
About the Editors and Contributors 257
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