Asymmetries in the responses of regional job flows to oil price shocks

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dc.contributor.author Karaki, Mohamad B.
dc.date.accessioned 2017-11-01T13:56:16Z
dc.date.available 2017-11-01T13:56:16Z
dc.date.copyright 2017 en_US
dc.date.issued 2017-11-01
dc.identifier.issn 0095-2583 en_US
dc.identifier.uri http://hdl.handle.net/10725/6471 en_US
dc.description.abstract This paper studies the effect of oil price innovations on manufacturing job flows across U.S. states. First, I estimate a nonlinear structural equation model and compute impulse response functions by Monte Carlo integration. I find asymmetries in the responses of job flows to positive and negative oil price innovations. Yet, these asymmetries do not pass a test of symmetry on the impulse responses, especially after accounting for data mining. Third, I use a test for the absence of job reallocation to evaluate whether an unexpected increase in the real price of oil price triggers an important change in job reallocation. I find that oil price shocks have limited regional allocative effects. (JEL E24, E32, Q43) en_US
dc.language.iso en en_US
dc.title Asymmetries in the responses of regional job flows to oil price shocks en_US
dc.type Article en_US
dc.description.version Published en_US
dc.author.school SOB en_US
dc.author.idnumber 201304845 en_US
dc.author.department Department of Economics (ECON) en_US
dc.description.embargo N/A en_US
dc.relation.journal Economic Inquiry en_US
dc.journal.volume 56 en_US
dc.journal.issue 3 en_US
dc.article.pages 1827-1845 en_US
dc.identifier.doi http://dx.doi.org/10.1111/ecin.12502 en_US
dc.identifier.ctation Karaki, M. B. (2017). Asymmetries in the responses of regional job flows to oil price shocks. Economic Inquiry 56(3), 1827-1845. en_US
dc.author.email mkaraki@lau.edu.lb en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url https://onlinelibrary.wiley.com/doi/abs/10.1111/ecin.12502 en_US
dc.orcid.id https://orcid.org/0000-0003-0925-9054 en_US
dc.author.affiliation Lebanese American University en_US

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