Abstract
The long- and short-run impacts of oil supply and demand shocks on economic growth are investigated for Alaska. The responses to positive and negative oil shocks are allowed to be asymmetric. The structural VAR as well as ARDL/NARDL techniques are considered. We discover that oil supply and demand shocks are significant forces affecting Alaska’s growth in the short run, but not in the long run. We also reveal no evidence of asymmetric effects in both the short and long run.
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