In October 2015,
researchers from the Dartmouth College released a study
entitled “Geographic Dispersion of Economic Shocks: Evidence from the Fracking
Revolution” for the National Bureau of Economic Research. The study addresses
the economic benefits to the shale producing counties from shale development
and their propagation within the regional economy.
In order to assess
those benefits, researchers thoroughly analyzed the economic impacts of shale oil
and gas development on income, employment and crime. For every million dollars
earned from shale production, they estimated that it generates $66,000 in wage
income, $61,000 in royalty payments, and 0.78 jobs within the producing
counties.
According to their
results, the researchers concluded that “[f]irst, the counties where extraction
occurs enjoy significant economic benefits. Second, the effects grow larger as
we widen the geographic area being examined. The state-level impact on jobs and
income is approximately five times as large as the immediate county effect with
most of the impact happening within 100 miles of the drilling sites. Third, we
find no significant change in crime rates.”
Written by Chloe Marie - Research Fellow
11/03/2015
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