Economics at your fingertips  

The influence of oil and natural gas employment on local retail spending: evidence from Oklahoma panel data

Brian Whitacre, Dylan L. Johnston, David Shideler and Notie Lansford
Additional contact information
Dylan L. Johnston: Oklahoma State University

The Annals of Regional Science, 2020, vol. 64, issue 1, No 7, 133-157

Abstract: Abstract Recent volatility in oil and natural gas markets has led to questions about how local businesses and government revenues might be affected. This paper uses a panel dataset of Oklahoma counties during 2003–2012 to quantify the relationship between changes in oil and natural gas employment and retail spending. One particularly noteworthy contribution is the use of sub-categories of retail sales (to the two-digit Standard Industrial Classification code) to assess whether specific retail sectors are more responsive to changes in oil and gas activity. Our fixed effects panel regression model reveals that variations in mining employment impact aggregate retail expenditures, with an overall elasticity of 0.02. These results are driven by the grocery and furniture sectors, with elasticities of 0.05–0.06, and are even stronger when the analysis is limited to counties considered to be mining-dependent. We also show that spillover effects exist, with the grocery and furniture expenditures highly impacted by mining employment in neighboring counties as well as their own.

JEL-codes: L71 R11 R12 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

DOI: 10.1007/s00168-019-00962-7

Access Statistics for this article

The Annals of Regional Science is currently edited by Martin Andersson, E. Kim and Janet E. Kohlhase

More articles in The Annals of Regional Science from Springer, Western Regional Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2021-01-05
Handle: RePEc:spr:anresc:v:64:y:2020:i:1:d:10.1007_s00168-019-00962-7