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Rising Natural Gas Prices and Real Economic Activity (ICPSR 1334)
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.
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Kliesen, Kevin L. Rising Natural Gas Prices and Real Economic Activity. ICPSR01334-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2006-11-29. http://doi.org/10.3886/ICPSR01334.v1
Persistent URL: http://doi.org/10.3886/ICPSR01334.v1
This study was funded by:
- Federal Reserve Bank of St. Louis. Research Division
Scope of Study
Geographic Coverage: United States
(1) The files submitted are the data 0611kkd.xls and the program 0611kkp.prg. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.
Original ICPSR Release: 2006-11-29
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