A new look at the crude oil prices and economic growth nexus: asymmetric evidence from Alaska

Jungho Baek and Taylor B. Young ()
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Taylor B. Young: University of Alaska Fairbanks

Mineral Economics, 2021, vol. 34, issue 3, No 1, 339-344

Abstract: Abstract The existing research on the oil price-growth nexus in oil-exporting regions typically assumes that the oil price impacts are symmetric. In this article, therefore, we attempt to make an incremental contribution to the literature by empirically studying whether or not oil price changes have asymmetric impacts on economic growth in the case of an oil-exporting region, specifically Alaska. After applying the nonlinear autoregressive distributed lag (NARDL) method to quarterly data between 1998: Q1 and 2017: Q2, we uncover that oil price changes indeed asymmetrically affect Alaska’s economic growth in both the short and long run.

Keywords: Alaska; Asymmetry; Nonlinear ARDL; Oil prices (search for similar items in EconPapers)
JEL-codes: C22 O47 Q41 R11 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (13)

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DOI: 10.1007/s13563-020-00225-4

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