| Description |
1 online resource (55 pages) |
| Series |
IMF Working Paper, 1018-5941 ; WP/15/28 |
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IMF working paper ; WP/15/28.
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| Contents |
Cover Page; Title Page; Copyright Page; Contents; Figures; Appendix; Appendix Tables; Appendix Figures; I. Introduction; 1. Cumulative Employment Growth (Percent) Relative to National; II. Literature Review; 2. Estimated Employment Impact due to Rig-count Changes; III. Rig-counts; 2. Labor, Capital and Prices in Oil & Gas (Standardized Variables); 3. COIRFs for One-Standard Deviation Rig-Count Shocks and Employment Responses in SVARs (95% CI); 4. FEVD for Rig-count Shock and Employment Response (95% CI); 5. COIRFs for One-standard Deviation Shocks in Oil and Gas SVAR (95% CI) |
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6. FEVD for Oil and Gas SVAR7. IRF and CIRF for Panel Model; 8. IRF and CIRF for Different Lag-lengths; 9. IRF and CIRF for Rig-Counts Pre and Post 2008; 10. Map of US Shale Gas and Tight Oil Plays; 11. Rig-counts Per Million Working-age People; 12. Rig-counts (levels); IV. Vector Autoregression Model; A. Data and Identification; B. Estimation and Results; V. State Dynamic Panel Model; VI. State Panel Results; 1. Base Model with Different Standard Errors; VII. Four Robustness Checks; A. Lag Lengths; B. Outliers; 3. Different Lag Lengths; 4. Multipliers for Model (1) When Each State is Omitted |
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C. Structural BreaksD. Population Scaling; 5. Per-capita and Log Models with Different Population Scaling; VIII. Conclusion; References; A. National Data; 6. Summary Statistics; B. State Data; Footnotes |
| Summary |
Technological progress in the exploration and production of oil and gas during the 2000s hasled to a boom in upstream investment and has increased the domestic supply of fossil fuels. Itis unknown, however, how many jobs this boom has created. We use time-series methods atthe national level and dynamic panel methods at the state-level to understand how the increasein exploration and production activity has impacted employment. We find robust statisticalsupport for the hypothesis that changes in drilling for oil and gas as captured by rig-counts doin fact, have an economically meaningful and po |
| Bibliography |
Includes bibliographical references (pages 23-24) |
| Notes |
Print version record |
| Subject |
Petroleum mining -- United States -- Econometric models
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Job creation -- United States -- Econometric models
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Job creation -- Econometric models
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United States
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| Form |
Electronic book
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| Author |
Hartley, Peter, author
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Medlock III, Kenneth, author
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Temzelides, Ted, author
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| ISBN |
9781498345514 |
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1498345514 |
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9781498313063 |
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149831306X |
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1498376061 |
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9781498376068 |
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