Search

Begin New Search
Proceed to Checkout

Search Results for All:
(Showing results 1 to 1 of 1)



The Impact of the Oil Price Decline on the Soviet Union and Eastern Europe

Jan Vanous

Year: 1983
Volume: Volume 4
Number: Number 3
DOI: 10.5547/ISSN0195-6574-EJ-Vol4-No3-2
View Abstract

Abstract:
The effects on the Soviet Union and Eastern Europe of the decline in the world market price of oil (and the subsequent likely decline in international prices of natural gas and coal) can be divided into three groups: direct, or first-round effects-the impact of the decline in net hard-currency export revenue/net import outlays for oil and other types of energy;"spillover" effects-the impact of potential Soviet cutback in the quantity of energy sold to Eastern Europe for nonconvertible rubles and at preferential prices; indirect, or secondary effects-the impact of oil price cuts on world market interest rates and thus the cost of debt servicing; the impact on Western economic recovery and thus the demand for imports from the Eastern bloc, and so on.





Begin New Search
Proceed to Checkout

 

© 2022 International Association for Energy Economics | Privacy Policy | Return Policy