IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v89y2024ics0301420723012357.html
   My bibliography  Save this article

Oil shocks and unemployment dynamics in Alaska: The source of shocks matters

Author

Listed:
  • Baek, Jungho

Abstract

Our investigation presents a thorough analysis of how oil supply and two types of demand-side shocks—aggregate demand and oil-specific demand—affect unemployment in Alaska. We consider both symmetric and asymmetric contexts to provide a comprehensive perspective. Our findings reveal the substantial influence of both oil supply and oil-specific demand shocks on Alaska's unemployment, impacting both short and long-term dynamics. However, the impact of aggregate demand shocks is pronounced in the short run but diminishes in the long run. Further, we identify asymmetric effects in the long run for oil-specific demand shocks and in the short run for aggregate demand shocks. Intriguingly, our analysis does not uncover any evidence of asymmetric effects resulting from oil supply shocks in either the short or long term.

Suggested Citation

  • Baek, Jungho, 2024. "Oil shocks and unemployment dynamics in Alaska: The source of shocks matters," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723012357
    DOI: 10.1016/j.resourpol.2023.104524
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723012357
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.104524?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Alaska; Asymmetry; Oil shocks; Symmetry;
    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723012357. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.