Estimation of Several Political Action Effects of Energy Prices
25 Pages Posted: 25 Apr 2005 Last revised: 26 Feb 2015
Date Written: 2015
One important effect of price shocks in the United States has been increased political attention paid to the structure and performance of oil and natural gas markets, along with some governmental support for energy conservation. This paper describes how price changes helped lead the emergence of a political agenda accompanied by several interventions, as revealed through Granger causality tests on change in the legislative agenda.
Keywords: Policy agendas,Institutional change, Energy
JEL Classification: N50, N7, Q4, Q48
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