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dc.titleThe Mexican Oil Boom: 1977-1985
dc.contributor.authorGavin, Michael
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageMexico
dc.date.available2010-12-10T00:00:00
dc.date.issue1996-01-01T00:00:00
dc.description.abstractThe Mexican oil boom was characterized by a period of high investment, followed by capital flight. The private sector and households responded to the 1977-1981 windfall by attaining high savings rates. On the other hand, the Mexican government, the proprietor of the state oil company and the principal beneficiary of the oil boom, used windfall revenues to finance unsustainable spending and even engage in dissaving. These policies produced macroeconomic dislocations that made Mexico highly vulnerable to the inevitable external shocks.
dc.format.extent26
dc.identifier.doihttp://dx.doi.org/10.18235/0011582
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Mexican-Oil-Boom-1977-1985.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectInvestment
dc.subjectPrivate Sector
dc.subjectPublic Sector
dc.subjectFinancial Crisis and Structural Adjustement
dc.subjectPetroleum, Coal and Natural Gas
dc.subject.keywordsworld oil price;WP-314;oil industry
idb.identifier.pubnumberWorking Papers
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