The windfall of oil revenues that flooded the Venezuelan economy, during the decade of the seventies, provided government officials with the financial means to stimulate the process of development and enhance the well-being of future generations. In spite of that wealth, Venezuela is now-a-days showing an alarming negative trend in its rate of growth, accompanied by higher levels of unemployment, poverty and income inequality. / The purpose of this dissertation is to establish a link among oil revenues, distributional coalitions and the process of development in Venezuela during the 1968-1984 period. / The study first defines a set of criteria to analyse the performance of the Venezuelan economy before, during and after the oil boom of the seventies. / After clearly establishing that development has not taken place since the oil boom, the study elaborates an "estimating equation", using Ordinary Least Squares, to explain the process of development. / The study finds that the development process has been negatively affected by the "rent-seeking" activities of the so called "distributional coalitions". The study also finds that oil revenues have not been statistically significant in promoting development. in Venezuela. Instead, oil revenues have been mostly used for non-productive activities or have leaked out of the national economy in the form of capital flight. / Source: Dissertation Abstracts International, Volume: 51-11, Section: A, page: 3833. / Major Professor: James Cobbe. / Thesis (Ph.D.)--The Florida State University, 1990.
| Identifer | oai:union.ndltd.org:fsu.edu/oai:fsu.digital.flvc.org:fsu_78328 |
| Contributors | Gil Ravelo, Jose Amado., Florida State University |
| Source Sets | Florida State University |
| Language | English |
| Detected Language | English |
| Type | Text |
| Format | 156 p. |
| Rights | On campus use only. |
| Relation | Dissertation Abstracts International |
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