A decade of natural gas development: The makings of a resource curse?

Resource and Energy Economics

Volumn 37, Issue , 2014, Pages 168-183

  Weber, Jeremy G ^a  

^a ECONOMIC RESEARCH SERVICE   (United States)

Author keywords

Multiplier; Natural gas development; Resource curse

Indexed keywords

NATURAL GAS; NATURAL GAS WELL PRODUCTION;

ADULT POPULATIONS; CROWDING OUT; MULTIPLIER; NATURAL GAS DEVELOPMENT; NATURAL-GAS PRODUCTION; RESOURCE CURSE;

NATURAL GAS DEPOSITS;

EID: 84905390877     PISSN: 09287655     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.reseneeco.2013.11.013     Document Type: Article

References (42)

1. Angrist J.D., Pischke J.S. Mostly Harmless Econometrics. 2009, Princeton University Press: Princeton, NJ.
2. Anselin L. Spatial Econometrics: Methods and Models 1988, Kluwer Academic Publishers, The Netherlands.
3. Auty R.M. Resource Abundance and Economic Development 2001, Oxford University Press, Oxford.
4. Beine M., Bos C.S., Coulombe S. Does the Canadian economy suffer from Dutch disease?. Resource and Energy Economics 2012, 34(4):468-492.
5. Black D., McKinnsh T., Sanders S. The economic impact of the coal boom and bust. The Economic Journal 2005, 115:449-476.
6. Brunnschweiler C.N., Bulte E.H. The resource curse revisited and revised: a tale of paradoxes and red herrings. Journal of Environmental Economics and Management 2008, 55(3):248-264.
7. Center for Business and Economic Research Projecting the Economic Impact of the Fayetteville Shale Play for 2008-2012 2008, University of Arkansas College of Business, Fayetteville, AR.
8. Considine T., Watson R., Blumsack S. The Pennsylvania Marcellus Natural Gas Industry: Status, Economic Impacts, and Future Potential 2011, University Department of Energy and Mineral Engineering, State College, PA.
9. Corden W.M., Neary P.J. Booming sector and de-industrialization in a small open economy. Economic Journal 1982, 92:825-848.
10. Economist Intelligence Unit Breaking new ground: a special report on global shale gas developments 2011.
11. Energy Information Administration What is Shale Gas and Why is it Important? 2011, http://www.eia.gov/energy_in_brief/about_shale_gas.cfm.
12. Energy Information Administration Drilling Sideways - A Review of Horizontal Well Technology and Its Domestic Applications 1993, http://www.eia.gov/ftproot/petroleum/tr0565.pdf.
13. Florida R. The Rise of the Creative Class 2002, Basic Books, New York, NY.
14. Gibbons S., Overman H. Mostly pointless spatial econometrics. Journal of Regional Science 2012, 52(2):172-191.
15. Hill E.L. Unconventional Natural Gas Development and Infant Health: Evidence from Pennsylvania 2012, Working Paper No. 128815, Cornell University Applied Economics and Management, Ithaca.
16. Hirschman A.O. The strategy of economic development 1958, CT: Yale University Press, New Haven.
17. Hoye S. New York governor pauses 'fracking' 2010, http://www.cnn.com/2010/US/12/13/new.york.fracking.moratorium/index.html.
18. IHS Global Insight The Economic and Employment Contributions of Shale Gas in the United States 2011, http://anga.us/media/235626/shale-gas-economic-impact-dec-2011.pdf.
19. Isserman A.M., Westervelt J. 1.5 million missing numbers: overcoming employment suppression in County Business Patterns data. International Regional Science Review 2006, 29(3):311-335.
20. James A., Aadland D. The curse of natural resources: an empirical investigation of U.S. counties. Resource and Energy Economics 2011, 33(2):440-453.
21. Kelejian H.H., Prucha I.R. A generalized moments estimator for the autoregressive parameter in a spatial model. International Economic Review 1999, 40(2):509-533.
22. Kelsey T.W., Shields M., Ladlee J.R., Ward M. Economic Impacts of Marcellus Shale in Pennsylvania: Employment and Income in 2009 2011, Marcellus Shale Education and Training Center, Williamsport. http://www.shaletec.org/docs/EconomicImpactFINALAugust28.pdf.
23. King G.E. Thirty years of gas shale fracturing: what have we learned?. Society of Petroleum Engineers Annual Technical Conference 2010, http://www.onepetro.org/mslib/app/Preview.do%3FpaperNumber=SPE-133456-MS.
24. Gopalakrishnan S., Klaiber H.A. Is the Shale Energy Boom a Bust for Nearby Residents?. Evidence from Housing Values in Pennsylvania. American Journal of Agricultural Economics 2013, forthcoming.
25. L.C.Scott & Associates Economic Impact of the Haynesville Shale on the Louisiana Economy 2010, http://www.loga.la/pdf/Economic%20Impact%20of%20HS.pdf.
26. Manski C.F. Identification of endogenous social effects: the reflection problem. Review of Economic Studies 1993, 60:531-542.
27. Michaels G. The long term consequences of resource-based specialisation. The Economic Journal 2010, 121(551):31-57.
28. Montgomery C.T., Smith M.B. Hydraulic fracturing: history of an enduring technology. Journal of Petroleum Technology 2010, December, 26-32. http://www.spe.org/jpt/print/archives/2010/12/10Hydraulic.pdf.
29. Moretti E. Local multipliers. The American Economic Review 2010, 100(2):373-377.
30. Muehlenbachs L., Spiller E., Timmins C. Shale Gas Development and Property Values: Differences across Drinking Water Sources, NBER Working Paper No. w18390 2012.
31. Myrdal G. Economic Theory and Under-developed Regions 1957, Duckworth, London.
32. National Energy Technology Laboratory Shale Gas: Applying Technology to Solve America's Energy Challenges 2011, http://www.netl.doe.gov/technologies/oil-gas/publications/brochures/Shale_Gas_March_2011.pdf.
33. Papyrakis E., Gerlagh R. Resource abundance and economic growth in the United States. European Economic Review 2007, 51(4):1011-1039.
34. Perryman Group Drilling for Dollars: An Assessment of the Ongoing and Expanding Economic Impact of Activity in the Barnett Shale on Fort Worth and the Surrounding Area 2008, http://www.bseec.org/content/2008-economic-impact-report-released-perryman-group.
35. Pinkse J., Slade M.E. The future of spatial econometrics. Journal of Regional Science 2010, 50(1):103-117.
36. Sachs J.D., Warner A.M. The curse of natural resources. European Economic Review 2001, 45(4):827-838.
37. Stock J.H., Yogo M. Testing for weak instruments in linear IV regression. Identification and Inference for Econometric Models: Essays in Honor of Thomas Rothenberg 2005, Cambridge University Press, Cambridge. D.W.K. Andrews, J. Stock (Eds.).
38. Tolbert C., Sizer M. U.S. Commuting Zones and Labor Market Areas: A 1990 Update 1996, U.S. Department of Agriculture, Economic Research Service, Washington, DC.
39. Van der Ploeg F. Natural resources: curse or blessing?. Journal of Economic Literature 2011, 49(2):366-420.
40. Walker A. An Empirical Analysis of Resource Curse Channels in the Appalachian Region 2013, 10.2139/ssrn.2165375.
41. Weber J. The effects of a natural gas boom on employment and income in Colorado, Texas, and Wyoming. Energy Economics 2012, 34(5):1580-1588.
42. Weber J. In the Good Times and the Bad: Shale Gas Development and Local Employment 2013, Rural Connections. http://wrdc.usu.edu/files/publications/publication/pub__6393017.pdf.