PPD 599 Economic Models and Applications for Impact Analysis
Name
University of Southern California
Date
Impact analysis on oil market I-O model in Texas
Assess the economic impact of the oil industry in the economy of Texas, and the interdependencies in the regional economy. With oil and gas price being on long term low in the last three years, the effect of a slowdown in the oil and gas industry is reverberated across the region. Similarly, an improving market provides better opportunities for the oil and gas producers and affects consumer confidence in the region. Collecting information on all firms when creating the I-O table to forecast the future, then gathering data on the best practice firms that are technologically advanced should be prioritized (Rose & Miernyk (1989))