The Historical “Roots” of U.S. Energy Price Shocks: Supplemental Results

Hillard Huntington

MPRA Paper from University Library of Munich, Germany

Abstract: Sustained energy price increases in the United States have preceded declines in economic activity as far back as 1890. This finding applies to two different historical GDP data sets. It suggests a much longer national experience with rising energy prices that began well before the period after World War Two. This problem emerged well before the US transition towards petroleum products when coal was an important energy source. This relationship varies with the state of the economy and appears less evident during some periods, as in the years following the 1929 stock market crash.

Keywords: economic history; supply shocks; energy and the economy (search for similar items in EconPapers)
JEL-codes: N51 N71 O51 Q43 (search for similar items in EconPapers)
Date: 2016-05
New Economics Papers: this item is included in nep-ene and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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