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? Has the recession ended everywhere? • Louisiana, Wyoming, and Oklahoma have all had multiple months of positive growth. State Recession has ended? First month of positive growth N. of positive months Alaska No. Louisiana Yes N.A October 2017 10 North Dakota Maybe Oklahoma Yes June 2018 May 2017 15 Wyoming Yes August 2017 12 592 Mouhcine Guettabi, PhD Oil dependence and economic activity

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