4. North Sea Oil and the Decline of Manufacturing

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National Institute Economic Review, 1980, vol. 94, issue 1, 22-30

Abstract: P. J. Forsyth and J. A. Kay have recently argued, in a widely quoted article, that the enjoyment of the benefits of North Sea oil is only possible if there is a contraction of manufacturing output. Their argument has been mis interpreted in some quarters and it is here re-examined and placed in a wider context. The note was written by G. D. N. Worswick.

Date: 1980
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