Oil price increase: impacts on industrialized and less-developed countries

Journal Article · · J. Energy Dev.; (United States)

OSTI ID:5213959

Powelson, J P

The effect of oil price increases is felt as financial (money balances) and real effects, all of which are interdependent with other economic conditions and are difficult to document. The industrialized countries are shown to have experienced little real effects because a large portion of the money remained in their banks and because of the corresponding increase in the prices of their exports. The less-developed oil-importing countries however, felt a heavier loss, partly because they lack refineries and products to export. International lending institutions and banks in developed countries are now seeking new ways to finance these deficits. A balance-of-payments summary is presented for OPEC, along with tables showing debt service of developed countries and international borrowing levels. (DCK)

• Research Organization: Univ. of Colorado, Boulder
• OSTI ID: 5213959
• Journal Information: J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 3:1; ISSN JENDD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002* -- Energy Planning & Policy-- Petroleum
ACCOUNTING
CARTELS
CHARGES
DATA
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC IMPACT
ENERGY SOURCES
FINANCIAL DATA
FINANCING
FOSSIL FUELS
FUELS
INFORMATION
INTERNATIONAL ORGANIZATIONS
MANAGEMENT
OIL-IMPORTING COUNTRIES
OPEC
PETROLEUM
TRADE