Structure and technology of manufacturing in Texas and Louisiana

Journal Article · Thu Jan 01 00:00:00 EST 1987 · Econ. Rev.; (United States)

OSTI ID:6590202

Dunstan, R H; Long, III, W T

The oil price decline since late 1985 affects manufacturing more in Texas and Louisiana than in the rest of the US. The primary reason for this is that the manufacturing sector in these two states relies more heavily on energy - both as a factor input and as a source of output demand. Secondly, based on this study's results, inputs are more easily substituted in Texas and Louisiana's manufacturing. An implication is that the expected employment losses from reduced energy industry demand are likely to be intensified by the substitution of lower-priced energy for labor. In addition, capital subsidies provided as part of state economic development efforts may not have the effect of increasing labor demand in Texas and Louisiana. 3 figures, 4 tables.

• Research Organization: Federal Reserve Bank of Dallas, TX
• OSTI ID: 6590202
• Journal Information: Econ. Rev.; (United States), Journal Name: Econ. Rev.; (United States)
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
LOUISIANA
MANUFACTURING
EMPLOYMENT
FUEL SUBSTITUTION
PETROLEUM
PRICES
TEXAS
ECONOMIC IMPACT
ENERGY CONSUMPTION
ENERGY SOURCES
FEDERAL REGION VI
FOSSIL FUELS
FUELS
NORTH AMERICA
USA
020700* - Petroleum- Economics
Industrial
& Business Aspects
290200 - Energy Planning & Policy- Economics & Sociology
294002 - Energy Planning & Policy- Petroleum