prices rose five fold. In 1978, the second was the fall of Shah Iran. Prices soared to $80–$100 a barrel in today’s prices …. In 1960, OPEC was established and since then it has been a considerable political and economic force in the oil market …. Two thirds of the world’s oil reserves belong to OPEC members. OPEC is accused of being responsible for most of the price …

This study has attempted to examine and compare the effects of 2007 financial crisis on inflation in OPEC countries and … crisis in both countries group. According to the obtained results, the only affected variable by the crisis in OPEC countries … no relationship between output and inflation in OPEC countries, so it reflects weak manufacturing structure sector (real …

to OPEC cartel as world’s major petroleum producer and trader as well as its forms of control in production and trade …

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. …

OPEC's marginal propensity to import is sufficiently low. Whereas in the first framework, the oil intensiveness of Southern … output is critical to the results, in the second the critical parameter is OPEC's recycling coefficient. In general, the …