Template-Type: ReDIF-Article 1.0
Author-Name:  Hillard G. Huntington
Title:  Real Oil Prices from 1980 to 1982
Classification-JEL: F0
Pages:  119-132
Volume:  Volume 5
Issue:  Number 3
Year:  1984
Abstract:  In the early 1980s, soft world oil markets were accompanied by two important and unforeseen world economic developments: stagnant economic growth and an appreciating dollar. The virtual standstill in economic growth from 1980 to 1982 was well off the 3 percent-plus growth path many analysts had anticipated. This experience, coupled with large shifts in oil inventory holdings by consumers (and perhaps increased consumer responses to oil prices), has led to a steady accumulation of unused productive capacity in the world oil market.
Handle: RePEc:aen:journl:1984v05-03-a08
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1654
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