The effects of oil price shocks on job reallocation
We investigate the effect of oil price innovations on U.S. manufacturing job flows using a simultaneous equation model that nests symmetric and asymmetric responses. We find no evidence of asymmetry in the response of job flows to positive and negative oil price innovations. We then inquire whether...
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2015
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| Online Access: | http://hdl.handle.net/10725/6469 https://doi.org/10.1016/j.jedc.2015.08.006 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.sciencedirect.com/science/article/pii/S0165188915001542 |
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