EconPapers    
Economics at your fingertips  
 

Boom Town Business Dynamics

Ryan Decker, Meagan McCollum () and Gregory Upton ()
Additional contact information
Meagan McCollum: https://faculty.utulsa.edu/faculty/meagan-mccollum/

No 2020-081, Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The shale oil and gas boom in the U.S. provides a unique opportunity to study economic growth in a "boom town" environment, to derive insights about economic expansions more generally, and to obtain clean identification of the causal effects of economic growth on specific margins of business adjustment. The creation of new business establishments--separate from the 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 broadly consistent with canonical models of firm dynamics. New firms, in particular, contribute nearly half of the cumulative economic growth resulting from the shale boom.

Keywords: Business dynamics; Entrepreneurship; Natural resource booms; Economic growth (search for similar items in EconPapers)
JEL-codes: E24 L26 M13 Q33 Q35 R23 (search for similar items in EconPapers)
Pages: 66
Date: 2020-09-18
New Economics Papers: this item is included in nep-ent, nep-mac and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.federalreserve.gov/econres/feds/files/2020081pap.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfe:2020-81

DOI: 10.17016/FEDS.2020.081

Access Statistics for this paper

More papers in Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (U.S.) Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2021-10-18
Handle: RePEc:fip:fedgfe:2020-81