Geographic Dispersion of Economic Shocks: Evidence from the Fracking Revolution

The American Economic Review ◽

10.1257/aer.20151326 ◽

2017 ◽

Vol 107 (4) ◽

pp. 1313-1334 ◽

Cited By ~ 91

Author(s):

James Feyrer ◽

Erin T. Mansur ◽

Bruce Sacerdote

Keyword(s):

Great Recession ◽

Oil And Gas ◽

Gas Production ◽

Economic Shocks ◽

New Production ◽

Oil And Gas Production ◽

Geographic Dispersion ◽

The Great Recession ◽

Business Income ◽

Wage Income

We track the geographic and temporal propagation of local economic shocks from new oil and gas production generated by hydrofracturing. Each million dollars of new production produces $80,000 in wage income and $132,000 in royalty and business income within a county. Within 100 miles, one million dollars of new production generates $257,000 in wages and $286,000 in royalty and business income. Roughly two-thirds of the wage income increase persists for two years. Assuming no general equilibrium effects, new extraction increased aggregate US employment by as many as 640,000, and decreased the unemployment rate by 0.43 during the Great Recession. (JEL D86, L14, L81, L82)

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Geographic Dispersion of Economic Shocks: Evidence from the Fracking Revolution: Comment

The American Economic Review ◽

10.1257/aer.20180888 ◽

2020 ◽

Vol 110 (6) ◽

pp. 1905-1913 ◽

Cited By ~ 2

Author(s):

Alexander G. James ◽

Brock Smith

Keyword(s):

Energy Production ◽

Spatial Dispersion ◽

Spatial Aggregation ◽

Economic Shocks ◽

Geographic Dispersion ◽

Estimation Strategy ◽

Propagation Effects

Feyrer, Mansur, and Sacerdote (2017) estimates the spatial dispersion of the effects of the recent shale-energy boom by unconditionally regressing income and employment on energy production at various levels of geographic aggregation. However, producing counties tend to be located near each other and receive inward spillovers from neighboring production. This inflates the estimated effect of own-county production and spatial aggregation does not address this. We propose an alternative estimation strategy that accounts for these spillovers and identify reduced propagation effects. The proposed estimation strategy can be applied more generally to estimate the dispersion of multiple, simultaneously occurring economic shocks. (JEL E24, E32, J31, Q35, Q43, R11, R23)

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The Enlightenment Turns to China: The International Flow of Concepts and Their Geographic Dispersion

Cultura ◽

10.3726/cul.2018.02.03 ◽

2018 ◽

Vol 15 (2) ◽

pp. 31-52

Author(s):

Chien-shou CHEN

Keyword(s):

Joint Production ◽

Chinese History ◽

Conceptual History ◽

International Flow ◽

Geographic Dispersion ◽

Production Of Knowledge ◽

The Enlightenment ◽

Modern Chinese History ◽

Enlightenment Project ◽

History Of

Abstract This article attempts to strip away the Eurocentrism of the Enlightenment, to reconsider how this concept that originated in Europe was transmitted to China. This is thus an attempt to treat the Enlightenment in terms of its global, worldwide significance. Coming from this perspective, the Enlightenment can be viewed as a history of the exchange and interweaving of concepts, a history of translation and quotation, and thus a history of the joint production of knowledge. We must reconsider the dimensions of both time and space in examining the global Enlightenment project. As a concept, the Enlightenment for the most part has been molded by historical actors acting in local circumstances. It is not a concept shaped and brought into being solely from textual sources originating in Europe. As a concept, the Enlightenment enabled historical actors in specific localities to begin to engage in globalized thinking, and to find a place for their individual circumstances within the global setting. This article follows such a line of thought, to discuss the conceptual history of the Enlightenment in China, giving special emphasis to the processes of formation and translation of this concept within the overall flow of modern Chinese history.

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