LOWER OIL PRICES AND STATE EMPLOYMENT

S. P.A. BROWN; JOHN K. HILL

doi:10.1111/j.1465-7287.1988.tb00293.x

LOWER OIL PRICES AND STATE EMPLOYMENT

S. P.A. BROWN, JOHN K. HILL

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

Even after two years of adjustment, it was apparent that the sharp drop in oil prices occurring during late 1985 and early 1986 would have a profound effect on the regional distribution of employment in the United States. In this paper, we develop and implement a procedure for quantifying the long‐term consequences of lower oil prices on employment in each of the 50 states. We use the estimates developed to determine how much of the variation in state employment growth during 1986 can be attributed to the oil price decline. We also use the estimates to gauge the feasibility of political action, such as an oil import tariff, to reverse the oil price decline.

Original language	English (US)
Pages (from-to)	60-68
Number of pages	9
Journal	Contemporary Economic Policy
Volume	6
Issue number	3
DOIs	https://doi.org/10.1111/j.1465-7287.1988.tb00293.x
State	Published - Jul 1988
Externally published	Yes

ASJC Scopus subject areas

General Business, Management and Accounting
Economics and Econometrics
Public Administration

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10.1111/j.1465-7287.1988.tb00293.x

Cite this

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LOWER OIL PRICES AND STATE EMPLOYMENT

Abstract

ASJC Scopus subject areas

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