Oil price shocks and employment: the case of Ohio coal mining (original) (raw)

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Oil price shocks and employment: the case of Ohio coal mining

Energy Economics, 1996

John HoagJohn Hoag

Abstract

Economic theory suggests that oil price shocks will have an impact on employment in local coal markets. However, theory is silent on both the absolute and relative magnitudes. Based on vector autoregressive models, we find that oil price shocks, and therefore OPEC ...

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