Geographic Dispersion of Economic Shocks: Evidence from the Fracking Revolution

被引：178

作者：

Feyrer, James ^{[1
]}

Mansur, Erin T. ^{[2
,3
]}

Sacerdote, Bruce ^{[1
,3
]}

机构：

[1] Dartmouth Coll, Dept Econ, 6106 Rockefeller Hall, Hanover, NH 03755 USA

[2] Dartmouth Coll, Tuck Sch Business, 100 Tuck Hall, Hanover, NH 03755 USA

[3] NBER, Cambridge, MA 02138 USA

来源：

AMERICAN ECONOMIC REVIEW | 2017年 / 107卷 / 04期

关键词：

NATURAL-GAS; MARKET IMPACTS; BOOM;

D O I：

10.1257/aer.20151326

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We track the geographic and temporal propagation of local economic shocks from new oil and gas production generated by hydrofracturing. Each million dollars of new production produces $80,000 in wage income and $132,000 in royalty and business income within a county. Within 100 miles, one million dollars of new production generates $257,000 in wages and $286,000 in royalty and business income. Roughly two-thirds of the wage income increase persists for two years. Assuming no general equilibrium effects, new extraction increased aggregate US employment by as many as 640,000, and decreased the unemployment rate by 0.43 during the Great Recession.

引用

页码：1313 / 1334

页数：22