Darrat, Ali F.; Suliman, M. Osman - In: Journal of Economic Studies 17 (1990) 6, pp. 36-49
This article presents a general equilibrium model capable of assessing the impact of foreign price shocks on the real side of the oil-based developing economies. The theoretical model departs from previous work in this area at least in that (1) the model takes into account endogenous income and...