Natural Gas and the US Economy: Some Preliminary Rules of Thumb

Vipin Arora ()

MPRA Paper from University Library of Munich, Germany

Abstract: I estimate the response of real US GDP to changes in the natural gas price. A 10% increase in the natural gas price due to an unexpected fall in supply leads to a 0.15% decrease in GDP when using data after 2005. I also find that price increases driven by export demand became a net positive for GDP between 2006 and 2017—an interesting result that requires further research. Finally, the response of GDP to an increase in natural gas production is small and positive since 2005.

Keywords: economic activity; natural gas; shale; rules of thumb (search for similar items in EconPapers)
JEL-codes: C11 C32 E37 Q43 (search for similar items in EconPapers)
Date: 2018-06-11
New Economics Papers: this item is included in nep-ene and nep-mac
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Citations: View citations in EconPapers (1)

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