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Shale and the US Economy: Three Counterfactuals

Vipin Arora ()

MPRA Paper from University Library of Munich, Germany

Abstract: I use three different—and simple—counterfactuals to approximate the real GDP and employment effects of US oil and gas production from shale over the 2011 to 2015 period. Real GDP growth would have been 0.7 to 0.2 percentage points lower on average each year over that period without such increases; employment growth 0.5 to 0.1 percentage points lower.

Keywords: economic activity; shale; oil and gas; counterfactual (search for similar items in EconPapers)
JEL-codes: E00 Q43 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene and nep-mac
Date: 2017-06-12
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