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?
Did people leave?
⚫ The table below show net migration from each of the
energy-depdendent states using IRS data.
• Alaska has had fewer people moving in than moving out
since 2012.
State 2011 2012
2013
2014
2015
2016
2017
Alaska 702 -434
Louisiana 6.119 5.498
North Dakota 6,174 11,654
Oklahoma 12.103 14,661
Wyoming 485 5.964
19,024
2.941
-2,178 -8,022 -5,077 -2.557 -8,381
4.203 1.434
915 -5,020 -19,819
18.051 10.264 11.733 -4,684 -5,164
10.068 15.466 2,894 -3,148
-2,187 -1,224 -3,823 -8,285
592
Mouhcine Guettabi, PhD
Oil dependence and economic activityView entire presentation