How did the US economy react to shale gas production revolution? An advanced time series approach

Faik Bilgili, Emrah Koçak, Umit Bulut and M. Nedim Sualp

Energy, 2016, vol. 116, issue P1, 963-977

Abstract: This paper aims at examining the impacts of shale gas revolution on industrial production in the US. To this end, this paper, first, throughout literature review, exposes the features of shale gas revolution in the US in terms of energy technology and energy markets. However, the potential influences of shale gas extraction on the US economy are not explicit in the existing literature. Thus, considering mainly the output of shale gas revolution on the US economy in this research, later, the paper conducts econometric models to reveal if there exists significant effect(s) of shale gas revolution on the US economy. Therefore, the paper employs unit root tests and cointegration tests by following relevant US monthly data from January 2008 to December 2013.

Keywords: Shale gas revolution; The US economy; Impact of shale gas; Cointegration; Causality; Structural breaks (search for similar items in EconPapers)
JEL-codes: C22 Q42 Q43 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (27)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:116:y:2016:i:p1:p:963-977

DOI: 10.1016/j.energy.2016.10.056

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