Capital importing oil exporters : structural and macroeconomic issues (anglais)

The study analyzes the major policy issues which oil exporting capital importers have had to face since the 1970s. These economies experience decline in the share of tradables production in GDP, and, in many cases, non-oil exports virtually disappeared. These structural changes were accompanied by other undesirable symptoms. These countries experienced real wages that are inflexible downward and persisting high levels of unemployment, or very slowly...
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