Harvie, Charles (1985) Structural adjustment in the UK economy : the role of North Sea oil and tight money, and the implications for economic policy. PhD thesis, University of Warwick.

Preview

PDF WRAP_Theses_Harvie_1985.pdf - Unspecified Version - Requires a PDF viewer. Download (13Mb) | Preview

Request Changes to record.

Abstract

In recent years major structural changes have been taking
place within the UK economy. One of the major factors
responsible for this is the oil developments in the North
Sea, which have seen since 1980 the achievement of self
sufficiency in oil for the UK. At the same time as this
Development has been taking place, there has been a major
change in economic policy towards the control of inflation
through monetary and fiscal restraint as outlined in the
Medium Term Financial Strategy. Economic policy was now
to be framed within a medium term context, rather than in
the context of short term stabilisation. Demand management
policies were to be downgraded, and more emphasis was to be
placed upon improving the supply side of the economy.
This thesis is directed towards analysing the above
developments but in particular the effects of an oil
discovery, oil price increases and tight money upon the
structure of the economy as well as the dynamic processes
of adjustment involved. The evolution and final outcome
of the adjustment process obviously also depends crucially
upon the policies adopted by the Government, in terms of
its attitude towards such developments. Hence our analysis
would be incomplete without a discussion of present
Governmental attitudes as well as its appropriateness.
This ultimately involves deciding whether market forces
should determine the reallocation of resources, or whether
greater involvement by the Government is required.

Item Type:	Thesis (PhD)
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HJ Public Finance
Library of Congress Subject Headings (LCSH):	Great Britain -- Economic policy -- 1979-1997 , Offshore oil industry -- Great Britain, Free enterprise -- Great Britain -- 20th century, Great Britain -- Economic conditions -- 20th century
Official Date:	November 1985
Dates:	Date Event November 1985 Submitted
Institution:	University of Warwick
Theses Department:	Department of Economics
Thesis Type:	PhD
Publication Status:	Unpublished
Supervisor(s)/Advisor:	Miller, Marcus, 1941-
Sponsors:	Social Science Research Council (Great Britain)
Extent:	xiii, 305 leaves
Language:	eng

Request changes or add full text files to a record

Repository staff actions (login required)

View Item

Downloads