Oil prices, capital mobility and oil importers: a general equilibrium macro analysis

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Facultad de Ciencias Económicas y Empresariales. Decanato
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The aim of this paper is to explore the general macro characteristics of the trading economies that can help us understand the world economy response after OPEC I and OPEC II in terms of the evolution of the North-South terms of trade, rates of profit and output levels. Therefore, we support the view of the world economy in a three regional setting, North-South-OPEC.
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