Employment Impacts of Upstream Oil and Gas Investment in the United States PDF Download
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Author: Mark Agerton
Publisher: International Monetary Fund
ISBN: 1498345514
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however, how many jobs this boom has created. We use time-series methods at the national level and dynamic panel methods at the state-level to understand how the increase in exploration and production activity has impacted employment. We find robust statistical support for the hypothesis that changes in drilling for oil and gas as captured by rig-counts do in fact, have an economically meaningful and positive impact on employment. The strongest impact is contemporaneous, though months later in the year also experience statistically and economically meaningful growth. Once dynamic effects are accounted for, we estimate that an additional rig-count results in the creation of 37 jobs immediately and 224 jobs in the long run, though our robustness checks suggest that these multipliers could be bigger.
Author: Mark Agerton
Publisher: International Monetary Fund
ISBN: 1498345514
Category : Business & Economics
Languages : en
Pages : 36
Get Book Here
Book Description
Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however, how many jobs this boom has created. We use time-series methods at the national level and dynamic panel methods at the state-level to understand how the increase in exploration and production activity has impacted employment. We find robust statistical support for the hypothesis that changes in drilling for oil and gas as captured by rig-counts do in fact, have an economically meaningful and positive impact on employment. The strongest impact is contemporaneous, though months later in the year also experience statistically and economically meaningful growth. Once dynamic effects are accounted for, we estimate that an additional rig-count results in the creation of 37 jobs immediately and 224 jobs in the long run, though our robustness checks suggest that these multipliers could be bigger.
Author: Mark Agerton
Publisher: International Monetary Fund
ISBN: 1498376061
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however, how many jobs this boom has created. We use time-series methods at the national level and dynamic panel methods at the state-level to understand how the increase in exploration and production activity has impacted employment. We find robust statistical support for the hypothesis that changes in drilling for oil and gas as captured by rig-counts do in fact, have an economically meaningful and positive impact on employment. The strongest impact is contemporaneous, though months later in the year also experience statistically and economically meaningful growth. Once dynamic effects are accounted for, we estimate that an additional rig-count results in the creation of 37 jobs immediately and 224 jobs in the long run, though our robustness checks suggest that these multipliers could be bigger.
Author: Mark Agerton
Publisher:
ISBN: 9781498361330
Category : Job creation
Languages : en
Pages :
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Book Description
Technological progress in the exploration and production of oil and gas during the 2000s hasled to a boom in upstream investment and has increased the domestic supply of fossil fuels. Itis unknown, however, how many jobs this boom has created. We use time-series methods atthe national level and dynamic panel methods at the state-level to understand how the increasein exploration and production activity has impacted employment. We find robust statisticalsupport for the hypothesis that changes in drilling for oil and gas as captured by rig-counts doin fact, have an economically meaningful and po
Author: Michael E. Raynor
Publisher: Penguin
ISBN: 1591846145
Category : Industrial management
Languages : en
Pages : 386
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Book Description
A data-driven assessment analyzes the practices of thousands of high- and low-performing companies over a forty-five-year period to reveal unique thinking habits and counterintuitive strategies.
Author: Jonathan M. Fisk
Publisher: University of Pittsburgh Press
ISBN: 0822989085
Category : Political Science
Languages : en
Pages : 243
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Book Description
Although a technique for hydraulic fracturing—more commonly known as fracking—was developed and implemented in the 1970s in Texas, fracking of the Marcellus Shale formation that stretches from West Virginia through Pennsylvania to New York did not begin in earnest until the twenty-first century. Unconventional natural gas production via fracking has ignited debate, challenged regulators, and added to the complexity of twenty-first-century natural resource management. Through a longitudinal study taken from 2000 to 2015, Jonathan M. Fisk, Soren Jordan, and A. J. Good examine how the management of natural resources functions relative to specific regulatory actions including inspections, identifying violations, and the use of specific regulatory tools. Ultimately, they find that factors as disparate as state policy goals, elected officials, the availability of data, inspectors, front-line staff, and the use of technology form a context that, in turn, shapes the use of specific regulatory tools and decisions.
Author: Manish K. Verma
Publisher: Taylor & Francis
ISBN: 1000486397
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
This volume provides a comprehensive account of the linkages between environment and sustainable development in society from an interdisciplinary perspective. With its case studies from across the world, including countries such as India, Australia, South Africa, Sri Lanka, the United States, Croatia, Italy, Brazil, Japan, and Kenya, it explores critical environmental issues concerning energy justice, queer ecology, mountain cultures, incarceration, energy strategies, mining tourism, pollution control mechanisms, social impacts of oil and gas production, contract farming, gender mainstreaming, climate change, and droughts and adaptation strategies along with literacy, leisure, well-being, development, sexuality, sustainability and environmental education. The book examines several dimensions within global environment of the adverse impact of developmental activities, discusses sustainable development activities undertaken in contemporary times, and underscores the importance of a just, people-centric policy framework in promoting sustainable development. Lucid and topical, this book will be useful to scholars and researchers of environmental studies, development studies, sustainable development, political studies, sociology, and political economy. It will also interest policymakers, development practitioners, NGOs and think tanks working on environment and sustainable development, climate issues and SDGs.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 147555138X
Category : Business & Economics
Languages : en
Pages : 16
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Book Description
Articles in the March 2015 Research Bulletin focus on the oil market, energy subsidies, and output. The Research Summary on "An Exploration in Deep Corners of the Oil Market," authored by Rabah Arezki, Douglas Laxton, Armen Nurekyan, and Hou Wang, examines fluctuations in oil prices. "The State Budget May Afford It All," by Christian Ebeke and Constant Lonkeng Ngbouana, reviews energy subsidies and their fiscal, distributional, and environmental costs. In the “Q&A” column Pau Rabanal takes a look at “Seven Questions on Potential Output.” The Bulletin includes a listing of recent IMF Working Papers, Staff Discussion Notes, recommended readings from IMF Publications, and a call for papers for the next Annual Research Conference. A link with information and free access to IMF Economic Review is also included.
Author: Joshua Yindenaba Abor
Publisher: Taylor & Francis
ISBN: 1000890414
Category : Business & Economics
Languages : en
Pages : 352
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Book Description
The oil and gas industry is a complex sector with significant reach in terms of providing the energy needs of the global economy and the security, environmental and development consequences thereof. In particular, the sector is extremely important for the economic growth of emerging markets and developing countries. Furthermore, the life span of oil and gas resources is finite, with high health and safety risks and substantial environmental costs that require careful management and sustainability practices to ensure optimal extraction and utilisation of these resources. This book examines the challenges and opportunities in the oil and gas industry, in the context of emerging markets and developing economies. It provides comprehensive coverage of the management and sustainability practices of the sector, the environmental impact and sustainability of resources as well as the businesses that operate in the sector across the entire value chain. It addresses the current discourse on topics such as the Sustainable Development Goals, the Green Economy, the Paris Agreement and Glasgow Climate Pact and concludes with a chapter on the future of the oil and gas industry. The discussions around energy and energy transitions in particular continue to gain momentum and the book provides a wide-reaching and up-to-date overview of the industry. The book introduces readers to the concepts and formal models of analysis in the oil and gas sector and will serve as a useful resource for students, scholars and researchers in operations, marketing, procurement and supply chain management, project management, health and safety management, environmental economics, natural resource economics, development finance, and development studies. Researchers and practitioners working in these areas will also find the book a useful reference material.
Author: Mr.Tiago Cavalcanti
Publisher: International Monetary Fund
ISBN: 1513587757
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
This paper provides evidence of the causal impact of oil discoveries on development. Novel data on the drilling of 20,000 oil wells in Brazil allows us to exploit a quasi-experiment: Municipalities where oil was discovered constitute the treatment group, while municipalities with drilling but no discovery are the control group. The results show that oil discoveries significantly increase per capita GDP and urbanization. We find positive spillovers to non-oil sectors, specifically, an increase in services GDP which stems from higher output per worker. The results are consistent with greater local demand for non-tradable services driven by highly paid oil workers.
Author: Silvana Tordo
Publisher: World Bank Publications
ISBN: 0821388320
Category : Business & Economics
Languages : en
Pages : 179
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Book Description
Approximately two billion dollars a day of petroleum are traded worldwide, which makes petroleum the largest single item in the balance of payments and exchanges between nations. Petroleum represents the larger share in total energy use for most net exporters and net importers. While petroleum taxes are a major source of income for more than 90 countries in the world, poor countries net importers are more vulnerable to price increases than most industrialized economies. This paper has five chapters. Chapter one describes the key features of upstream, midstream, and downstream petroleum operations and how these may impact value creation and policy options. Chapter two draws on ample literature and discusses how changes in the geopolitical and global economic environment and in the host governments' political and economic priorities have affected the rationale for and behavior of National Oil Companies' (NOCs). Rather than providing an in-depth analysis of the philosophical reasons for creating aNOC, this chapter seeks to highlight the special nature of NOCs and how it may affect their existence, objectives, regulation, and behavior. Chapter three proposes a value creation index to measure the contribution of NOCs to social value creation. A conceptual model is also proposed to identify the factors that affect value creation. Chapter four presents the result of an exploratory statistical analysis aimed to determine the relative importance of the drivers of value creation. In addition, the experience of a selected sample of NOCs is analyzed in detail, and lessons of general applicability are derived. Finally, Chapter five summarizes the conclusions.
