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?
Length of the recession by state
• North Dakota, Alaska, and Wyoming have had the longest
recessions.
State Consecutive months of year over year declines First month of negative growth
Alaska
Arkansas
Colorado
Kansas
Louisiana
Montana
New Mexico
North Dakota.
Oklahoma
Texas
34
0
0
2
21
October 2015
4
37
18
0
Utah
Wyoming
0
N.A
N.A
December 2015
September 2015
N.A
October 2016
May 2015
November 2015
N.A
N.A
27
May 2015
AD>
M
592
Mouhcine Guettabi, PhD
Oil dependence and economic activityView entire presentation