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The shale gas production and economic growth in local economies across the US.
Environmental Science and Pollution Research ( IF 5.8 ) Pub Date : 2020-01-25 , DOI: 10.1007/s11356-020-07776-7
Faik Bilgili 1 , Emrah Koçak 1 , Ümit Bulut 2
Affiliation  

Recently, several seminal works have been drawing attention to the revolution of shale gas production technology of the USA, the impact of shale gas on energy sectors, as well as the influences of shale gas on macroeconomic variables of employment, economic growth, etc. Nevertheless, one may claim that two gaps appear in literature. The first gap is the absence of an econometric study estimating the effect of shale oil/gas on national economies. The more considerable second gap is the absence of econometric analyses revealing the impulses of shale gas on local economies. Therefore, this paper observes the possible causalities between the shale gas and local gross domestic product (GDP) employing quarterly data covering the period 2007-2016 for 12 states in the US. After performing the tests of cross-sectional dependence, heterogeneity, stationarity, and cointegration, the paper conducts the panel Granger causality analyses. The empirical findings depict that (i) there is available unidirectional relationship from local shale gas production to local GDP in Colorado, Ohio, and West Virginia; (ii) there occurs an impulse from GDP to local shale gas production for Louisiana, North Dakota, and Oklahoma; (iii) a bidirectional causality coexists between local shale gas production and GDP in Arkansas, California, and Texas; and (iv) there exists no association between local GDP and local shale gas extraction in Montana, New Mexico, and Wyoming.

中文翻译:

美国各地经济中的页岩气生产和经济增长。

最近,一些开创性的工作引起了人们对美国页岩气生产技术的革命,页岩气对能源部门的影响以及页岩气对就业的宏观经济变量,经济增长等的影响的关注。 ,人们可能会说文献中出现了两个空白。第一个鸿沟是缺乏估计页岩油/天然气对国民经济影响的计量经济学研究。第二个更大的差距是缺乏计量经济学分析,该分析没有揭示页岩气对当地经济的推动作用。因此,本文使用涵盖美国12个州的2007-2016年季度数据,观察了页岩气与当地国内生产总值(GDP)之间的可能因果关系。在进行横截面相关性,异质性,平稳性和协整性,本文进行了面板格兰杰因果关系分析。实证结果表明:(i)在科罗拉多州,俄亥俄州和西弗吉尼亚州,从当地页岩气产量到当地GDP都存在单向关系;(ii)路易斯安那州,北达科他州和俄克拉荷马州的GDP对当地页岩气产量产生了推动作用;(iii)阿肯色州,加利福尼亚州和德克萨斯州的当地页岩气产量与GDP之间存在双向因果关系;(iv)蒙大拿州,新墨西哥州和怀俄明州的当地GDP与当地页岩气开采量之间没有关联。(ii)路易斯安那州,北达科他州和俄克拉荷马州的GDP对当地页岩气产量产生了推动作用;(iii)阿肯色州,加利福尼亚州和德克萨斯州的当地页岩气产量与GDP之间存在双向因果关系;(iv)蒙大拿州,新墨西哥州和怀俄明州的当地GDP与当地页岩气开采量之间没有关联。(ii)路易斯安那州,北达科他州和俄克拉荷马州的GDP对当地页岩气产量产生了推动作用;(iii)阿肯色州,加利福尼亚州和德克萨斯州的当地页岩气产量与GDP之间存在双向因果关系;(iv)蒙大拿州,新墨西哥州和怀俄明州的当地GDP与当地页岩气开采量之间没有关联。
更新日期:2020-01-26
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