Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5104084 | Resource and Energy Economics | 2017 | 24 Pages |
Abstract
This paper quantifies the local economic impacts of hydraulic fracturing. We match extremely detailed oil and natural gas well data to county-level aggregate and sectoral employment data. Controlling for time-varying unobserved determinants of job growth, we find approximately 550,000 local jobs attributable to the shale boom. While this is substantial, it is smaller than previous studies. We also show that the effects are heterogenous across sectors. Impacts are concentrated in extractive industries, in local non-tradable and service sectors, and in areas with the largest increase in drilling activity.
Related Topics
Physical Sciences and Engineering
Energy
Energy (General)
Authors
Peter Maniloff, Ralph Mastromonaco,