Chapter II. the World Economy

Anonymous

National Institute Economic Review, 1981, vol. 98, 29-46

Abstract: After four successive years of declining rates of economic growth in OECD countries, a fifth in 1981 now seems quite likely. The ‘second oil shock’ of 1979 must take much of the blame for the particularly slow growth this year and last. But in the year in which it occurred any depressive effect may well have been quite small, as it seems to have encouraged stock accumulation in anticipation of more rapid increases in price levels generally. And even before 1979 output had been rising much more slowly than in the years preceding the first ‘shock’ of 1973-4.

Date: 1981
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:98:y:1981:i::p:29-46_3

Access Statistics for this article

More articles in National Institute Economic Review from National Institute of Economic and Social Research Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK. Contact information at EDIRC.
Bibliographic data for series maintained by Kirk Stebbing ().