โ Scribed by Noel D. Uri; Roy Boyd
No coin nor oath required. For personal study only.
This study begins by asking whether fluctuations in the price of crude oil have affected employment in the United States. After reviewing previous assessments of the issue, the existence of an empirical relationship between unemployment and crude oil price volatility is established using Granger causality. Subsequently, the nature of the relationship is estimated with the results suggesting that at least three full years are required before measurable impacts of a percentage change in the real price of crude oil on the change in unemployment are exhausted. Finally, the structural stability of the functional relationship between the change in unemployment, the volatility of the price of crude oil and the percentage change in gross national product is examined.
๐ SIMILAR VOLUMES
The impact of urbanization on timber harvesting in the south central United States was investigated. Geo-referenced Census and Forest Inventory Analysis (FIA) data were combined using a geographic information system (GIS) in order to examine the effects of various demographic and biophysical forest