02212cas a2200277 a 4500 AALejournalIMF015016 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498376068 1018-5941 BD-DhAAL BD-DhAAL Agerton, Mark. Employment Impacts of Upstream Oil and Gas Investment in the United States / Mark Agerton, Peter Hartley, Kenneth Medlock III, Ted Temzelides. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (36 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however, how many jobs this boom has created. We use time-series methods at the national level and dynamic panel methods at the state-level to understand how the increase in exploration and production activity has impacted employment. We find robust statistical support for the hypothesis that changes in drilling for oil and gas as captured by rig-counts do in fact, have an economically meaningful and positive impact on employment. The strongest impact is contemporaneous, though months later in the year also experience statistically and economically meaningful growth. Once dynamic effects are accounted for, we estimate that an additional rig-count results in the creation of 37 jobs immediately and 224 jobs in the long run, though our robustness checks suggest that these multipliers could be bigger. Mode of access: Internet Hartley, Peter. Medlock III, Kenneth. Temzelides, Ted. IMF Working Papers; Working Paper ; No. 2015/028 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/028/001.2015.issue-028-en.xml IMF e-Library