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Economic considerations regarding the first oil shock, 1973 - 1974

Author

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  • Ilie, Livia

Abstract

The oil shock of 1973-1974 was an economic and politic important event that produced controversies in the years that followed. No event in the last decades of the 20th century was as visible as the fourfold increase of the oil price in 1973-1974. Due to different opinions and the topic itself there are many theories and point of views related to the oil crisis. This paper aims to analyze the first oil shock and to brig to attention the existent theories on the topic.

Suggested Citation

  • Ilie, Livia, 2006. "Economic considerations regarding the first oil shock, 1973 - 1974," MPRA Paper 6431, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:6431
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    File URL: https://mpra.ub.uni-muenchen.de/6431/1/MPRA_paper_6431.pdf
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    Cited by:

    1. Covi, Giovanni, 2014. "The First Oil Shock, Stylized Facts, Reflections and The Easterly Puzzle in a Forty-Year Retrospective," MPRA Paper 58130, University Library of Munich, Germany.

    More about this item

    Keywords

    oil market; OPEC; oil shock;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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