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The Economic Effects of North Sea Oil

Published online by Cambridge University Press:  26 March 2020

F.J. Atkinson ,
S.J. Brooks  and
S.G.F. Hall
F.J. Atkinson
Affiliation:
National Institute of Economic and Social Research
S.J. Brooks
Affiliation:
National Institute of Economic and Social Research
S.G.F. Hall
Affiliation:
National Institute of Economic and Social Research
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Extract

Much was written about the potential benefits and costs of North Sea oil when production had scarcely begun; for example, Hamilton (1978), Johnson (1978), Robinson and Morgan (1978) and Page (1977). In recent years, with concrete experience to draw on, there has been much argument as to the effects of oil on the British economy: in particular, whether, as argued by Forsyth and Kay (1980), a structural change was a necessary consequence, involving a relative decline in the manufacturing sector. This debate includes contributions from Richardson (1980), Worswick (1980), Barker (1980), Brooks (1981), Eastwood and Venables (1982) and Byatt et al. (1982).

Type
Articles
Information
National Institute Economic Review , Volume 104 , May 1983 , pp. 38 - 44
Copyright
Copyright © 1983 National Institute of Economic and Social Research

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References

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