As non-OPEC oil and gas exporters Mexico and Norway are of growing importance, the former because of its vast reserves and proximity to the energy-demanding US and the latter because of its proximity to W Europe and its high degree of supply security. The authors use the term 'Petrolization' to describe the impact of rapid growth in petroleum output on a nations's economy. Both countries have experienced rapid growth of petroleum output in the context of a substantial industrial base accompanied by major structural changes in the industrial and non-industrial sectors of the economies. While it is possible to compare and contrast the two countries simultaneously, this book examines the two countries' case studies separately. Each country is firstly analysed in descriptive terms. This is then followed by a coherent examination of econometric models which have been used to describe the economic development of Norway and Mexico.
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Mukhopadhyay et al. (1985) studied this question.