108 Pages
by
Routledge
103 Pages
by
Routledge
103 Pages
by
Routledge
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The oil price shocks of the 1970’s led to severe recessions in the 1980’s in the United States. Originally published in 1989 in the aftermath, Bohi attempts to show both how energy prices can cause a decline in output and employment and to explore important other factors which led to the recessions using the US, United Kingdom, Japan and Germany as examples. The findings in Energy Price Shocks... Read more
Preface; 1. Introduction 2. Overview of the Economic Record 3. Linkages between Energy and the Economy 4. Factor Substitution and Productivity 5. Wage Rigidity and the Level of Employment 6. Acceleration of Capital Obsolescence 7. Demand-Side Effects 8. Conclusions; References and Bibliography
Biography
Bohi, Douglas R.
