IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

A Regime-Switching Analysis of the Impact of Oil Price Changes on the Economies of U.S. States

Listed author(s):
  • Kang, Wei

    (Regional Economic Models, Inc.)

  • Penn, David A.

    (Middle Tennessee State University)

  • Zietz, Joachim

    (Middle Tennessee State University and EBS Universität für Wirtschaft und Recht)

The study employs quarterly data from 1958:I to 2010:IV to analyze how state earnings respond to oil price changes. We allow for asymmetric and nonlinear reactions of state earnings through a smooth regime switching model. Fourteen of the 50 states are best modeled with a two regime model. The response of the remaining states can be adequately captured by a linear least squares model. The estimation results show marked differences among states in both the tolerance and the delay of response to an oil price change. The speed at which the transition occurs across regimes varies significantly by state.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Article provided by Southern Regional Science Association in its journal Review of Regional Studies.

Volume (Year): 41 (2011)
Issue (Month): 2,3 (Fall, Winter)
Pages: 81-101

in new window

Handle: RePEc:rre:publsh:v:41:y:2011:i:2:p:81-101
Contact details of provider: Web page:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:rre:publsh:v:41:y:2011:i:2:p:81-101. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher Yencha)

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.