This report analyzes the experience in the 1980s o

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Oil Recession: A Tale of Five Regions

This report analyzes the experience in the 1980s o

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By Barton A. Smith (au); Albert J. Ballinger (au)
Year: 1990
Pages: 26
Binding Paperback

Product Code: 1428989234

Description

This report analyzes the experience in the 1980s of energy driven economics. Regional economic analyses have for some time needed the incorporation of more short run supply-side factors that can influence employment & output growth. The energy recession of the 1980s provides an excellent opportunity to examine the stock-adjustment process at work & test its primary conclusions. This report analyzes the energy cities/regions of Tulsa, Midland & Odessa, New Orleans, Denver, & Alaska. The impact of exogenous changes in the international oil market is felt through fiscal impacts (in particular Alaska & Louisiana); through the derived demand for oil reserves (Houston/ Midland/Odessa, & Tulsa); & through the stimulated search for substitutes. Tables.

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