Replication data for: Geographic Dispersion of Economic Shocks: Evidence from the Fracking Revolution
Principal Investigator(s): View help for Principal Investigator(s) James Feyrer; Erin T. Mansur; Bruce Sacerdote
Version: View help for Version V1
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| Data-and-Code | 10/12/2019 05:15:AM | ||
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text/plain | 14.6 KB | 10/12/2019 01:15:AM |
Project Citation:
Feyrer, James, Mansur, Erin T., and Sacerdote, Bruce. Replication data for: Geographic Dispersion of Economic Shocks: Evidence from the Fracking Revolution. Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113098V1
Project Description
Summary:
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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.
Scope of Project
JEL Classification:
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D86 Economics of Contract: Theory
L14 Transactional Relationships; Contracts and Reputation; Networks
L81 Retail and Wholesale Trade; e-Commerce
L82 Entertainment; Media
D86 Economics of Contract: Theory
L14 Transactional Relationships; Contracts and Reputation; Networks
L81 Retail and Wholesale Trade; e-Commerce
L82 Entertainment; Media
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