Monthly Catalog of United States Government Publications
Monthly Catalog of United States Government Publications

Author: United States. Superintendent of Documents

Publisher:

Published: 1985

Total Pages:

ISBN-13:

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February issue includes Appendix entitled Directory of United States Government periodicals and subscription publications; September issue includes List of depository libraries; June and December issues include semiannual index

Economic Effects of Petroleum Prices and Production in the Gulf of Mexico Ocs on the U.S. Gulf Coast Economy
Economic Effects of Petroleum Prices and Production in the Gulf of Mexico Ocs on the U.S. Gulf Coast Economy

Author: U. S. Department U.S. Department of the Interior

Publisher: CreateSpace

Published: 2015-06-22

Total Pages: 72

ISBN-13: 9781514298848

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The purpose of this study is to analyze the dynamic interaction between changes in crude oil prices, oil and gas industry activity in the OCS (measured in terms of petroleum production) and selected indicators of the Gulf Coast economies. The scope of the study is expanded to include E&P activity in the deepwater. A vector auto-regression (VAR) model framework showing the interaction between crude petroleum price, oil and gas production, the U.S. interest rates, the U.S. gross domestic product, and selected indicators of the state of the Gulf Coast economy-personal income, unemployment rate and revenue-was developed and estimated. The model framework enables us to establish the direction, symmetry, causation, duration, responsiveness, and correlation between industry activity and state economic activity indicators and oil price changes over time.