Sectoral Job Creation and Destruction Responses to Oil Price Changes

By Steven J. Davis, John C. Haltiwanger. 2001

764 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/eebd80b85cc43410e82c35f898aded79f206d692

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Citations in the corpus

Macroeconomic Shocks and Their Propagation (2016, background): “First, Evans (1992) showed that variables such as money, interest rates, and government spending Granger-caused the Solow residual.”
Oil Price Shocks and the U.S. Economy: Where Does the Asymmetry Originate? (2002, background): “The negative output response to negative oil shocks in the very short run is somewhat surprising, although Davis and Haltiwanger (2001) also found a slightly negative response of employment to negative oil price shocks.”
Time-varying correlation between oil and stock market volatilities: Evidence from oil-importing and oil-exporting countries (2016, background): “Lower consumption results in a decreased production and eventually decreases employment (Lardic and Mignon, 2006; Davis and Haltiwanger, 2001).”
Oil and the Euro Area Economy (2009, background): “For 8 Oil shocks could also result in a changed composition of aggregate demand, for example a shift from energy-intensive to energy-efficient goods, which will also lower economic activity (Davis and Haltiwanger 2001).”
Relationship between oil prices, interest rate, and unemployment: Evidence from an emerging market (2010, background): “Previous studies document various transmission channels through which oil price shocks may have an impact on the economic activity (Davis and Haltiwanger, 2001; Brown and Yucel, 2002; Lardic and Mignon, 2008).”
On the Influence of Oil Prices on Economic Activity and Other Macroeconomic and Financial Variables (2008, positive): “In this context, Caruth, Hooker and Oswald (1998) have investigated the impact of oil price movements on the labor market and Davis and Haltiwanger (2001) focused on the influence of oil price dynamics on the natural rate of unemployment. The impact of oil price movements on the labor market can dif”
Exogenous Oil Supply Shocks: How Big Are They and How Much Do They Matter for the U.S. Economy? (2008, methodology): “This definition has been used in studying the responses of U.S. sectoral and macroeconomic aggregates to oil price shocks (see, e.g., Bernanke, Gertler and Watson 1997; Davis and Haltiwanger 2001; Lee and Ni 2002, Hamilton 2004).”
Dynamic correlation between stock market and oil prices: The case of oil-importing and oil-exporting countries (2011, background): “Lower consumption could lead to lower production and thus increased unemployment; see Lardic and Mignon (2006), Brown and Yucel (2002) and Davis and Haltiwanger (2001).”
OIL PRICE SHOCKS AND STOCK MARKET BOOMS IN AN OIL EXPORTING COUNTRY (2009, neutral): “This view has, however, been modified more recently, as several studies have shown that oil shocks are in fact more important than monetary contraction, see for instance Hoover and Perez (1994), Davis and Haltiwanger (2001) and Hamilton and Herrera (2004) among others.”
Lower Oil Prices and the U.S. Economy: Is This Time Different? (2017, neutral): “For example, it could be argued that the stimulating effects of the oil price decline discussed earlier are offset by delays in the reallocation of resources (see Hamilton 1988; Bresnahan and Ramey 1993; Davis and Haltiwanger 2001; Ramey and Vine 2011; Herrera and Karaki 2015; Herrera, Karaki, and R”
Do Structural Oil-Market Shocks Affect Stock Prices? (2009, background): “…oil prices on certain macroeconomic variables, such as, real GDP growth rates, inflation, employment, and exchange rates (Hamilton, 1983; Gisser and Goodwin, 1986; Mork, 1989; Hooker, 1996; Davis and Haltiwanger, 2001, Hamilton and Herrera, 2002, Lee and Ni, 2002; Hooker, 2002, among others).”
How sensitive are consumer expenditures to retail energy prices (2009, background): “…direct effects listed earlier,66 and is viewed by many economists as the primary channel through which energy price shocks affect67 the economy (see Davis and Haltiwanger (2001) and Lee and Ni (2002) and the references therein).68 Concerns over reallocation effects also help explain the…”