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Could the U.S. Energy Sector Become New Engine For Growth?

Author

Listed:
  • Edward K. Zajicek

    (Department of Economics and Finance, Winston-Salem State University, 104 R. J. Reynolds Center, 601 M. Luther King Jr. Drive, Winston-Salem, North Carolina 27110, U.S.A,)

  • Nikolaos Karagiannis

    (Department of Economics and Finance, Winston-Salem State University, 120 R. J. Reynolds Center, 601 M. Luther King Jr. Drive, Winston-Salem, North Carolina 27110, U.S.A,)

  • Thomas Wilhoit

    (Department of Economics and Finance, Winston-Salem State University, 120 R. J. Reynolds Center, 601 M. Luther King Jr. Drive, Winston-Salem, North Carolina 27110, U.S.A.)

Abstract

The intent of this paper is to discuss the U.S. energy sector in the context of economic growth, employment conditions, manufacturing competitiveness, and trade deficits. The paper carefully examines how utilization of domestic energy resources can strengthen the United States economic position in both domestic and foreign markets. Consideration is given to expanding the use of domestic energy resources to improve competitiveness in the global goods market and reduce dependency on foreign oil. In particular, the sections of the paper discuss: The current U.S. macroeconomic situation with an emphasis on economic growth and labor market; domestic oil and gas production; energy security; institutional arrangements necessary to deliver reliable U.S. energy resources to domestic and foreign markets; and policy considerations deemed necessary to boost energy growth.

Suggested Citation

  • Edward K. Zajicek & Nikolaos Karagiannis & Thomas Wilhoit, 2016. "Could the U.S. Energy Sector Become New Engine For Growth?," International Journal of Energy Economics and Policy, Econjournals, vol. 6(1), pages 113-119.
    • Handle: RePEc:eco:journ2:2016-01-16
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    References listed on IDEAS

    as
    1. Nikolaos Karagiannis & Zagros Madjd-Sadjadi, 2012. "A New Economic Strategy for the USA: A Framework of Alternative Development Notions," Forum for Social Economics, Taylor & Francis Journals, vol. 41(2-3), pages 131-165, July.
    2. Nikolaos Karagiannis & Zagros Madjd-Sadjadi, 2007. "Modern State Intervention in the Era of Globalisation," Books, Edward Elgar Publishing, number 12536.
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    Citations

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    Cited by:

    1. Gianpaolo Iazzolino & Rossella Gabriele, 2016. "Energy Efficiency and Sustainable Development: An Analysis of Financial Reliability in Energy Service Companies Industry," International Journal of Energy Economics and Policy, Econjournals, vol. 6(2), pages 222-233.
    2. Antonio Angelo Romano & Giuseppe Scandurra & Alfonso Carfora, 2016. "Estimating the Impact of Feed-in Tariff Adoption: Similarities and Divergences among Countries through a Propensity-score Matching Method," International Journal of Energy Economics and Policy, Econjournals, vol. 6(2), pages 144-151.

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    More about this item

    Keywords

    Economic Growth; Energy Consumption; Energy Production; Development Policy;
    All these keywords.

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics

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