Asymmetries in the responses of regional job flows to oil price shocks
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 o...
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2017
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| Online Access: | http://hdl.handle.net/10725/6471 http://dx.doi.org/10.1111/ecin.12502 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://onlinelibrary.wiley.com/doi/abs/10.1111/ecin.12502 |
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| _version_ | 1864513479853998080 |
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| author | Karaki, Mohamad B. |
| author_facet | Karaki, Mohamad B. |
| author_role | author |
| dc.creator.none.fl_str_mv | Karaki, Mohamad B. |
| dc.date.none.fl_str_mv | 2017-11-01T13:56:16Z 2017-11-01T13:56:16Z 2017 2017-11-01 |
| dc.identifier.none.fl_str_mv | 0095-2583 http://hdl.handle.net/10725/6471 http://dx.doi.org/10.1111/ecin.12502 Karaki, M. B. (2017). Asymmetries in the responses of regional job flows to oil price shocks. Economic Inquiry 56(3), 1827-1845. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://onlinelibrary.wiley.com/doi/abs/10.1111/ecin.12502 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Economic Inquiry |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | Asymmetries in the responses of regional job flows to oil price shocks |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | 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) |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_80817ea025f8d8e3f8e64cd8d5dc3914 |
| identifier_str_mv | 0095-2583 Karaki, M. B. (2017). Asymmetries in the responses of regional job flows to oil price shocks. Economic Inquiry 56(3), 1827-1845. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/6471 |
| publishDate | 2017 |
| repository.mail.fl_str_mv | |
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| spelling | Asymmetries in the responses of regional job flows to oil price shocksKaraki, Mohamad B.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)PublishedN/A2017-11-01T13:56:16Z2017-11-01T13:56:16Z20172017-11-01Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article0095-2583http://hdl.handle.net/10725/6471http://dx.doi.org/10.1111/ecin.12502Karaki, M. B. (2017). Asymmetries in the responses of regional job flows to oil price shocks. Economic Inquiry 56(3), 1827-1845.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://onlinelibrary.wiley.com/doi/abs/10.1111/ecin.12502enEconomic Inquiryinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/64712021-03-19T09:10:13Z |
| spellingShingle | Asymmetries in the responses of regional job flows to oil price shocks Karaki, Mohamad B. |
| status_str | publishedVersion |
| title | Asymmetries in the responses of regional job flows to oil price shocks |
| title_full | Asymmetries in the responses of regional job flows to oil price shocks |
| title_fullStr | Asymmetries in the responses of regional job flows to oil price shocks |
| title_full_unstemmed | Asymmetries in the responses of regional job flows to oil price shocks |
| title_short | Asymmetries in the responses of regional job flows to oil price shocks |
| title_sort | Asymmetries in the responses of regional job flows to oil price shocks |
| url | http://hdl.handle.net/10725/6471 http://dx.doi.org/10.1111/ecin.12502 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://onlinelibrary.wiley.com/doi/abs/10.1111/ecin.12502 |