Boom Town Business Dynamics

Ryan A. Decker, Meagan McCollum and Gregory Upton

Journal of Human Resources, 2024, vol. 59, issue 2, 627-651

Abstract: The U.S. shale oil and gas boom provides a unique opportunity to study economic growth in a “boom town” environment, derive insights about labor market expansions more generally, and identify the causal effects of economic growth on specific margins of business adjustment. Creation of new establishments—separate from expansion of existing establishments—accounts for a disproportionate share of the multi-industry employment growth sparked by the shale boom, an intuitive but not inevitable empirical result that is consistent with models of firm dynamics. New firms, in particular, contribute nearly half of the cumulative employment growth resulting from the shale boom.

JEL-codes: E24 L26 M13 Q33 Q35 R23 (search for similar items in EconPapers)
Date: 2024
Note: DOI: https://doi.org/10.3368/jhr.0221-11501R1
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Working Paper: Boom Town Business Dynamics (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:59:y:2024:i:2:p:627-651

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