 What goes up must come down? The recent economic cycles of the four most oil and gas dominated states in the USEnergy Economics, 2020, vol. 86, issue C Abstract: The recent boom and bust in the US oil and natural gas sector provide a unique opportunity to assess whether the impacts of energy development are symmetric across the differing phases of the energy cycle. This study uses the synthetic control method to examine the boom and bust effects for the four most oil and gas dominated states: Louisiana, North Dakota, Oklahoma and Wyoming. The four states are chosen as case studies because of their status as top oil and gas producers and the stronger influence of the oil and gas sector on their overall economies. The results reveal differing employment impacts across the four states in both the short and long run and asymmetry during the boom and bust phases. Variation in the overall impacts and asymmetry of impacts across the boom-bust cycle are suggested to be at least in part connected to state and local government expenditures. Keywords: Energy boom; Resource curse; Synthetic control method (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:86:y:2020:i:c:s0140988320300049 DOI: 10.1016/j.eneco.2020.104665 Access Statistics for this article Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant More articles in Energy Economics from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.