Graduation Year
2017
Date of Submission
12-2016
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Cameron Shelton
Terms of Use & License Information
Rights Information
© 2016 Austin Perez Schoff
Abstract
Very little has been written about the effect that oil prices have on manufacturing output in the United States. This paper aims to shed light about the effect of oil prices, oil imports, and GDP on U.S. manufacturing output through a four-variable vector autoregression and explain the timing of these shocks through impulse response functions. Empirical results find that oil prices are significant in determining manufacturing output, but manufacturing output is also significant in determining oil prices.
Recommended Citation
Schoff, Austin Perez, "Are Oil Prices Important to U.S. Manufacturers?" (2017). CMC Senior Theses. 1527.
https://scholarship.claremont.edu/cmc_theses/1527
