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    Economic Projections for Alaska and the Southern Railbelt to 2025

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    Name:
    EconomicProjectionsAKSouthern_ ...
    Size:
    4.933Mb
    Format:
    PDF
    Description:
    1996-2025 Report
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    Thumbnail
    Name:
    1999_07-EconomicProjections1999.pdf
    Size:
    2.753Mb
    Format:
    PDF
    Description:
    1999-2025 Report
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    Author
    Goldsmith, Scott
    Keyword
    economic development
    railbelt
    kenai peninsula
    mat-su
    boom and bust cycles
    petroleum production
    anchorage
    Metadata
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    URI
    http://hdl.handle.net/11122/12389
    Abstract
    In the 30 years between statehood and 1990, Alaska was dominated by petroleum-driven growth punctuated by a number of boom and bust cycles, each of which has brought the economy to a higher plateau of activity. Since 1990 the Alaska economy has moved into a period of slower growth because petroleum production-the source of half of state value added-is now in decline. Continued exploitation of petroleum resources, even as production declines, as well as growth in other basic industries such as tourism and mining, will help to offset this loss and stabilize the economy. But dependence on commodity- producing industries means that cycles in the petroleum, fishing, timber, and mining sectors will continue to generate business cycles at the state and regional levels. This series of reports continues from previous economic projections which used 2020 as the end date for its modeling.
    Date
    1996
    Publisher
    Institute of Social and Economic Research, University of Alaska.
    Type
    Report
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    Reports

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