Institute of Social and Economic Research

00000193-6344-d71b-a7fb-ebdf83940000After nearly a decade of explosive growth, federal spending in Alaska has turned flat, according to a new analysis of federal spending in Alaska by Scott Goldsmith, professor of economics at ISER.Read more.

Since 2005, Alaska’s state government has collected as much in oil revenues as it did during the huge oil-revenue boom of the early 1980s: a combination of high oil prices and changes in the way the state calculates production taxes has created a second huge oil-revenue boom. But the oil creating this wealth is dwindling. That oil is from huge, low-cost oil fields on state-owned land, including the Prudhoe Bay field, and it has supported much of the economy and paid for most state government operations for decades. Check out the full report.