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4. North Sea Oil and the Decline of Manufacturing

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  • Anonymous

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.

Suggested Citation

  • Anonymous, 1980. "4. North Sea Oil and the Decline of Manufacturing," National Institute Economic Review, National Institute of Economic and Social Research, vol. 94, pages 22-30, November.
    • Handle: RePEc:cup:nierev:v:94:y:1980:i::p:22-30_4
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