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Energy Price Shocks And Regional Output And Employment

Author

Listed:
  • Douglas R. Bohi

    (Resources for the Future)

  • John R. Powers

    (Indiana University)

Abstract

This paper assesses the importance of energy price shocks to short-term fluctuations in state output and employment. In one set of cross-state regressions, the positive effects of energy production are compared with the negative effects of energy used in industrial production during the 1978-80 period of rising energy prices and the 1985-87 period of falling energy prices. A separate regression compares the effect of energy prices and macroeconomic stabilization policy on economic performance in energy-producing and nonproducing states. Overall, monetary policy appears to be more important than energy prices in explaining relative state economic performance.

Suggested Citation

  • Douglas R. Bohi & John R. Powers, 1993. "Energy Price Shocks And Regional Output And Employment," The Review of Regional Studies, Southern Regional Science Association, vol. 23(2), pages 129-142, Fall.
    • Handle: RePEc:rre:publsh:v23:y:1993:i:2:p:129-142
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    References listed on IDEAS

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    Cited by:

    1. Thomas M. Fullerton & Teodulo Soto, 2015. "Oil Shock Impacts on the Borderplex Regional Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 5(1), pages 14-26.
    2. Molyneaux, Lynette & Brown, Colin & Foster, John & Wagner, Liam, 2016. "Resilience, coal and the macroeconomy," MPRA Paper 74516, University Library of Munich, Germany.
    3. repec:rre:publsh:v:35:y:2005:i:2:p:161-86 is not listed on IDEAS
    4. Sevda Yaprakli & Fatih Kaplan, 2015. "Re-examining of the Turkish Crude Oil Import Demand with Multi-structural Breaks Analysis in the Long Run Period," International Journal of Energy Economics and Policy, Econjournals, vol. 5(2), pages 402-407.
    5. Mark C. Snead, 2009. "Are the energy states still energy states?," Economic Review, Federal Reserve Bank of Kansas City, vol. 94(Q IV), pages 43-68.

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