Chapter 15. Industry-Specific Environment, 1981-90

Tomio Imanari, Shigeya Adachi, Takuhiko Matsunaga, Yukihiro Mitsunaga, Fumio Kosugi and Hiroto Hidaka

Japanese Economy, 1999, vol. 27, issue 4, 68-90

Abstract: The second oil crisis in 1979 caused renewed inflation, declining economic growth, and an increase in balance-of-payments deficits in industrialized countries, which were still suffering from stagflation. The sluggish economies of those countries resulted in a weakening demand for petroleum in 1981 and 1982, and this placed OPEC's current account balance in the red in 1982. The world economy simultaneously experienced a recession that was spread over the largest area ever. Then world economic recovery began when the crude oil price stabilized at a lower level.

Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2753/JES1097-203X270468 (text/html)
Access to full text is restricted to subscribers.

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:mes:jpneco:v:27:y:1999:i:4:p:68-90

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MJES19

DOI: 10.2753/JES1097-203X270468

Access Statistics for this article

More articles in Japanese Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().