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Energy Price Shocks And Regional Output And Employment

Author

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  • 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. Bohi, Douglas R. & Toman, Michael A., 2024. "What Is “Mineral Security” and What Policies Are Needed to Achieve It? Lessons from Oil Security," RFF Working Paper Series 24-16, Resources for the Future.
    2. 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.
    3. Molyneaux, Lynette & Brown, Colin & Foster, John & Wagner, Liam, 2016. "Resilience, coal and the macroeconomy," MPRA Paper 74516, University Library of Munich, Germany.
    4. repec:rre:publsh:v:35:y:2005:i:2:p:161-86 is not listed on IDEAS
    5. 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.
    6. Rao, Amar & Kumar, Satish & Gupta, Prashant & Dash, Saumya Ranjan, 2024. "Quantifying the impact of interest rate volatility on Asian energy companies: A comparative study of fossil and renewable sectors," Energy Economics, Elsevier, vol. 133(C).
    7. 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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