The economic contribution of the oil and gas sector to the UK economy
Vivid Economics were asked to review the economic contribution of the oil and gas sector to the UK economy. This study included the standard analyses for such projects; using input-output tables to understand both the direct contribution of the sector and various multipliers. In addition, the paper undertook novel econometric analysis to understand the contribution of the sector to the UK economy’s growth performance and the extent to which the surplus generated by the sector was reinvested elsewhere in the UK economy.
Date: February 2012