Download

Download Full Text (928 KB)

Description

We analyze the employment and wages effects that will stem from the construction phase of the Liberty project in Alaska. These economic impacts were generated using inputs provided by Hilcorp. We used a standard input output model –IMPLAN– to estimate the ripple effects from the employment and wages directly associated with the project. We find the following:  - Direct employment peaks in 2020 at around 300 annualized jobs.  - Direct wages also peak in 2020 at 40 million dollars.  - Total direct employment from 2017 to 2023 is 1,019 jobs.  - Total direct wages from 2017 to 2023 are about 141 million dollars.  - Total direct wages including benefits and burdens are about 201 million dollars. 1  - The total employment- including direct, indirect, and induced- from the Liberty project between 2017 and 2023 is expected to be close 2,700.  - The total wages-indirect and induced- in 2017 dollars from the construction phase add up to 247 million dollars.  - Our results focus on the onsite construction phase of the project and therefore only provide a partial picture of the full range of effects. For example, prolonging the life of the pipeline has broad effects on revenues and employment that we do not try to address.  - We also do not look at the engineering and construction and transportation of drilling and production facilities, of which some portion may be constructed in Alaska.

Publication Date

11-1-2017

Handle

http://hdl.handle.net/11122/9262

The economic impact of the Liberty Oil Project A focus on employment and wages during the construction phase

Share

COinS