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? • The share of government revenues coming from oil specific taxes varies a great deal. • Non oil sectors were much more robust in other states. 592 Mouhcine Guettabi, PhD Oil dependence and economic activity

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