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Rising Natural Gas Prices and Real Economic Activity [electronic resource]

Kevin L. Kliesen
Format
Computer Resource; Online
Published
Ann Arbor, Mich. Inter-university Consortium for Political and Social Research [distributor] 2006
Edition
2006-11-29
Language
English
Series
ICPSR
ICPSR (Series)
Access Restriction
AVAILABLE. This study is freely available to the general public.
Abstract
In the aftermath of the disruptions caused by hurricanes Katrina and Rita, natural gas prices rose to record-high levels. Because natural gas is an important energy source for the United States economy, there was widespread concern that these high prices might cause a significant slowing in the economy-especially among those manufacturing industries that heavily consume natural gas. The analysis presented in this article suggests that output is responsive to natural gas prices in some manufacturing sectors. Although perhaps significant, this result must be balances against the findings that, when the analysis is extended to the macroeconomy (real gross domestic product growth), increases in crude oil prices significantly predict real gross domestic product growth, but natural gas prices do not.
Series Statement
ICPSR 1334
ICPSR (Series) 1334
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Also available as downloadable files.
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