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Dynamic linkage between oil shocks and economic growth: New evidence from Alaska

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  • Baek, Jungho

Abstract

The long- and short-run impacts of oil supply and demand shocks on economic growth are investigated for Alaska. The responses to positive and negative oil shocks are allowed to be asymmetric. The structural VAR as well as ARDL/NARDL techniques are considered. We discover that oil supply and demand shocks are significant forces affecting Alaska’s growth in the short run, but not in the long run. We also reveal no evidence of asymmetric effects in both the short and long run.

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  • Baek, Jungho, 2023. "Dynamic linkage between oil shocks and economic growth: New evidence from Alaska," Resources Policy, Elsevier, vol. 85(PB).
    • Handle: RePEc:eee:jrpoli:v:85:y:2023:i:pb:s0301420723007419
    DOI: 10.1016/j.resourpol.2023.104030
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    Cited by:

    1. Jungho Baek, 2024. "Does Crude Oil Production Respond Differently to Oil Supply and Demand Shocks? Evidence from Alaska," Commodities, MDPI, vol. 3(1), pages 1-13, February.

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    More about this item

    Keywords

    Alaska; Asymmetry; Oil demand; Oil supply;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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