Search Results
Journal Article
New drilling technology
Economic shocks are not always negative. Indeed, this article suggests that the energy extraction industry is experiencing a positive shock caused by two new technologies - three-dimensional imaging and directional drilling. Combined, these techniques have lowered the net extraction costs of oil and gas. The new technologies are particularly advantageous for the kinds of fields characteristic of the Gulf of Mexico, and the article points to their early application in Louisiana as indicating the type of impacts one might expect as use of the technologies spreads. ; The authors conclude that ...
Journal Article
The federal budget deficit and the social security surplus
Working Paper
What's the surprise in money supply announcements?
Journal Article
Southeastern state government employment varied since recession
Journal Article
A liberal discussion of financial liberalization
Journal Article
Structural booms: why the South grows
Since the end of the 1991 recession, almost 27 percent of all new jobs in the United States have been created in the six southeastern states that make up the Sixth Federal Reserve District. What accounts for this strong relative economic performance in the region? ; This article examines the forces behind the South's economic strength and looks ahead at the course of its economic development in terms of three alternative approaches--the industrial base, the convergence, and the structuralist models. In evaluating the models' usefulness for thinking about why regions grow, the author finds the ...