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Some interindustry empirical evidence on the question of stockpiling crude oil

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  • Kymn, Kern O.
  • Page, Walter P.

Abstract

86-order interindustry transactions tables for selected years are used to assess the forward and backward linkage effects of energy sectors, 1958–1970, in the U.S. economy. The magnitude of the linkage effects were obtained by calculating intermediate input and demand coefficients. The crude oil sector is found to have the second largest forward linkages of all sectors in the 86-order table and the largest of all energy sectors. As a consequence, there is strong empirical evidence supporting the argument for stockpiling crude oil supplies.

Suggested Citation

  • Kymn, Kern O. & Page, Walter P., 1978. "Some interindustry empirical evidence on the question of stockpiling crude oil," Energy, Elsevier, vol. 3(5), pages 645-648.
  • Handle: RePEc:eee:energy:v:3:y:1978:i:5:p:645-648
    DOI: 10.1016/0360-5442(78)90080-4
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