The effects of a natural gas boom on employment and income in Colorado, Texas, and Wyoming

Weber, Jeremy G.

doi:10.1016/j.eneco.2011.11.013

Cited by 357 publications

(234 citation statements)

References 17 publications

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“…Other studies found modest employment increases associated with drilling, including in Colorado, Wyoming and Texas (Weber, 2012), four states in the Southwest (Weber, 2013), nine states in the central U.S. (Brown, 2014), and in the lower 48 states (Weinstein, 2014). Weinstein found these employment impacts are transitory, with the growth effects waning over time.…”

Section: Pennsylvania Experience Between 2004 and 2010 As A Benchmarkmentioning

confidence: 97%

“…These studies raise the question whether the right counterfactual can be formed using matching approaches or instrumental variable approaches (e.g., Weber, 2012Weber, , 2013Brown, 2014).…”

Section: Pennsylvania Experience Between 2004 and 2010 As A Benchmarkmentioning

confidence: 99%

“…For example, Weinstein (2014) used the standard approach of estimating multipliers by regressing changes total employment on changes in oil and gas employment. By contrast, Weber (2012Weber ( , 2014 and Brown (2014) indirectly estimate the multiplier by regressing the change on total employment on the change in production and regressing the change in mining employment on the change in production and then taking a ratio of the two effects. Yet, as we described above in the stages of production, oil and gas production is a very noisy signal of changes in employment, and thus the ratio represents taking one noisy indicator divided by another.…”

mentioning

confidence: 99%

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Unconventional Gas and Oil Development in the United States: Economic Experience and Policy Issues

Kelsey

Partridge

White

2016

Applied Eco Perspectives Pol

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This paper examines the economic experience of past energy booms and of current unconventional shale gas and oil development. It focuses on key economic characteristics of gas and oil development, such as its employment potential, the geography of such development, its boom-bust nature, and the economic experience with shale oil and gas development. This background is used to discuss important economic policy issues arising with unconventional oil and gas development, such as taxation, governmental use of those revenues, preemption, and equity in the distribution of costs and benefits. The paper concludes with economic policy recommendations for states and communities affected by such development.

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Section: Pennsylvania Experience Between 2004 and 2010 As A Benchmarkmentioning

confidence: 97%

“…These studies raise the question whether the right counterfactual can be formed using matching approaches or instrumental variable approaches (e.g., Weber, 2012Weber, , 2013Brown, 2014).…”

Section: Pennsylvania Experience Between 2004 and 2010 As A Benchmarkmentioning

confidence: 99%

mentioning

confidence: 99%

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Unconventional Gas and Oil Development in the United States: Economic Experience and Policy Issues

Kelsey

Partridge

White

2016

Applied Eco Perspectives Pol

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“…However, the use of I/O modeling has been criticized for building on restrictive assumptions, such as the absence of any agglomeration effects as well as factor supplies not responding to price changes (Fleming and Measham 2014;Eggert 2001). This last assumption may be particularly restrictive, as it by default implies a positive job multiplier (Weber 2012). 2 Since a considerable part of the economic value of mining today is tied up with the manner of how mining operations are performed rather than with the initial investment itself, greater attention should be devoted to how regional economies can supply the necessary competence to support modern mining ventures.…”

Section: Introductionmentioning

confidence: 99%

The local employment impacts of mining: an econometric analysis of job multipliers in northern Sweden

et al. 2017

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The way in which mining contributes to job opportunities in the region where it takes place has become increasingly important for the industry's relations to the local community. The employment impacts of mining are however far from straightforward to assess. Considering these uncertainties about real-life job impacts, it is vital that there are sound assessments of these employment effects. The purpose of this paper is to apply a novel econometric approach to assess mining-induced job multipliers in the empirical context of northern Sweden. This analysis employs data on the number of employees in selected non-mining sectors and in the mining sector, respectively, and covering the relatively recent mining boom period (2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013). We also highlight differences across the two main mining counties in northern Sweden. The results show a positive statistical relationship between increases in the number of employees in the mining sector and changes in the number of employees in other sectors. The private services' sector is particularly affected, while the industrial sector also benefits in the specific case of mining municipalities. The results also indicate relatively large intercounty differences, in turn highlighting the importance of addressing the context-specific circumstances when estimating the employment effects of mining.

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“…Drilling in shale formations has varied consequences, creating jobs while also affecting residential property values and human health (Weber 2012;Hill 2013;Olmstead et al 2013;Weber 2013;Brown 2014;Gopalakrishnan and Klaiber 2014).…”

mentioning

confidence: 99%

What Can We Learn about Shale Gas Development from Land Values? Opportunities, Challenges, and Evidence from Texas and Pennsylvania

Weber

Hitaj

2015

Agric. resour. econ. rev.

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We study farm real estate values in the Barnett shale (Texas) and the northeastern part of the Marcellus shale (Pennsylvania and New York). We find that shale gas development caused appreciation in real estate values in both areas but the effect was much larger for the Marcellus, suggesting broader ownership of oil and gas rights by surface owners. In both regions, the greatest appreciation occurred when land was leased for drilling, not when drilling and production boomed. We find evidence that effects vary by farm type, which may reflect correlation between farm type and ownership of oil and gas rights.

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The effects of a natural gas boom on employment and income in Colorado, Texas, and Wyoming

Cited by 357 publications

References 17 publications

Unconventional Gas and Oil Development in the United States: Economic Experience and Policy Issues

Unconventional Gas and Oil Development in the United States: Economic Experience and Policy Issues

The local employment impacts of mining: an econometric analysis of job multipliers in northern Sweden

What Can We Learn about Shale Gas Development from Land Values? Opportunities, Challenges, and Evidence from Texas and Pennsylvania

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