Oil Dependence and Economic Activity
Setting the stage
Let's quickly look at where this oil decline has left the state
What about Alaska's important economic base?
Why have some states recovered?
Aggregate relationship between oil prices and employment
Where does this leave us?
General takeaways
Steps forward
Dare to provide thoughts on the future?
• The future of Alaska economic development will rest on the
success of the traditional basic sectors and the pursuit of
new opportunities.
• Most importantly, it will depend on whether the state can
address its leaky bucket by ensuring that more of the
value generated in Alaska stays in state.
• That will require evaluating opportunities where import
substitution is possible and ensuring there is a qualified
workforce that can take advantage of employment
opportunities.
592
Mouhcine Guettabi, PhD
Oil dependence and economic activityView entire presentation