Fetzer, Thiemo - Centre for Economic Performance, LSE - 2014
This paper estimates the effect of the shale oil and gas boom in the United States on local economic outcomes. The main … source of exogenous variation to be explored is the location of previously unexplored shale deposits. These have become … effects from resource extraction. Every oil- and gas sector job creates about 2.17 other jobs. Personal incomes increase by 8 …