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dc.contributor.authorBocklet, Johanna
dc.date.accessioned2016-06-13T20:26:00Z
dc.date.available2016-06-13T20:26:00Z
dc.date.issued2016-05
dc.identifier.urihttp://hdl.handle.net/11122/6601
dc.descriptionThesis (M.S.) University of Alaska Fairbanks, 2016en_US
dc.description.abstractThe present paper uses a linear autoregressive distributed lag (ARDL) approach in order to test for symmetric effects of oil price changes on employment in the oil-industry and employment in non-oil industries in Alaska. The ARDL model allows for the examination of short and long-run effects of employment by changes in crude oil prices, interest rate and personal income. Using quarterly data over the period 1987-2015, the long run results show strong positive correlation of crude oil prices and oil-industry employment and negative correlation between crude oil prices and employment in the non-oil industry in Alaska, supporting the sectoral shift hypothesis. Furthermore, interest rates significantly impact employment in both economic sectors, in the short and in the long run. While a higher interest rate leads to job creation in the oil-industry, it causes job destruction in the non-oil industry.en_US
dc.description.tableofcontents1. Introduction -- 2. Literature Review -- 3. Oil and the Alaskan Labor Market -- 4. Methodology -- 4.1 Theoretical Framework -- 4.2 Econometric Models -- 5. Data -- 6. Empirical Results -- 6.1 Results of Oil Price Impacts on Oil Industry Employment -- 6.2 Results of Oil Price Impacts on Non-Oil Industry Employment -- 7. Conclusion -- References.en_US
dc.language.isoen_USen_US
dc.titleHow oil prices impact the labor market: empirical evidence from Alaskaen_US
dc.typeThesisen_US
dc.type.degreemsen_US
dc.identifier.departmentDepartment of Economicsen_US
dc.contributor.chairBaek, Jungho
dc.contributor.committeeWright, Christopher
dc.contributor.committeeLittle, Joseph
refterms.dateFOA2020-03-05T13:43:01Z


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