Where do jobs go when oil prices drop?
In this paper, we estimate a factor augmented vector autoregressive (FAVAR) model to investigate the effect of oil price shocks on total private job flows as well as on industry-level job creation and destruction. Following an unexpected oil price drop in the first year, we find that in oil and gas...
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| Main Author: | Karaki, Mohamad B. (author) |
|---|---|
| Other Authors: | Herrera, Ana Maria (author), Rangaraju, Sandeep Kumar (author) |
| Format: | article |
| Published: |
2017
|
| Online Access: | http://hdl.handle.net/10725/6468 https://doi.org/10.1016/j.eneco.2016.02.006 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.sciencedirect.com/science/article/pii/S0140988316300196 |
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