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The (Uneven) Spatial Distribution of the Bakken Oil Boom

Johanna Richter (), Alliana Salanguit () and Alexander James
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Johanna Richter: Department of Economics and Public Policy, University of Alaska Anchorage
Alliana Salanguit: Department of Economics and Public Policy, University of Alaska Anchorage

No 2017-03, Working Papers from University of Alaska Anchorage, Department of Economics

Abstract: Resulting from a booming shale-energy sector, from 2007 to 2014, real income per capita in North Dakota increased 40%. Does this reflect the experience of a few oil-rich counties, or were the gains more evenly distributed across the region? We find that the shale boom generated significant economic gains for counties above and near the Bakken, but not for those further away. We also document significant state-border effects which are not easily explained. Conditional on distance to the Bakken region, the shale boom generated limited outward migration from South Dakota and, perhaps as a result, the economic gains that accrued there were muted.

Keywords: Resource boom; Migration; Regional development (search for similar items in EconPapers)
JEL-codes: Q32 Q33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene
Date: 2017-09
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Journal Article: The (Uneven) Spatial Distribution of the Bakken Oil Boom (2018) Downloads
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