EconPapers    
Economics at your fingertips  
 

Employment Impacts of Upstream Oil and Gas Investment in the United States

Mark Agerton, Peter Hartley, Kenneth Medlock and Ted Temzelidea
Additional contact information
Mark Agerton: James A Baker III Institute for Public Policy, Rice University
Ted Temzelidea: James A Baker III Institute for Public Policy, Rice University

Working Papers from Rice University, Department of Economics

Abstract: Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however, how many jobs this boom has created. We use time-series methods at the national level and dynamic panel methods at the state-level to understand how the increase in exploration and production activity has impacted employment. We find robust statistical support for the hypothesis that changes in drilling for oil and gas as captured by rig-counts do, in fact, have an economically meaningful and positive impact on employment. The strongest impact is contemporaneous, though months later in the year also experience statistically and economically meaningful growth. Once dynamic effects are accounted for, we estimate that an additional rig-count results in the creation of 37 jobs immediately and 224 jobs in the long run, though our robustness checks suggest that these multipliers could be bigger.

Date: 2014-07
New Economics Papers: this item is included in nep-ene and nep-ger
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://economics.rice.edu/rise/working-papers/empl ... stment-united-states
Our link check indicates that this URL is bad, the error code is: 406 Not Acceptable (http://economics.rice.edu/rise/working-papers/employment-impacts-upstream-oil-and-gas-investment-united-states [301 Moved Permanently]--> https://economics.rice.edu/rise/working-papers/employment-impacts-upstream-oil-and-gas-investment-united-states)

Related works:
Journal Article: Employment impacts of upstream oil and gas investment in the United States (2017) Downloads
Working Paper: Employment Impacts of Upstream Oil and Gas Investment in the United States (2015) Downloads
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: https://EconPapers.repec.org/RePEc:ecl:riceco:14-004

Access Statistics for this paper

More papers in Working Papers from Rice University, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2025-03-30
Handle: RePEc:ecl:riceco:14-004