| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21115 |
| 来源ID | Working Paper 21115 |
| Welfare and Distributional Implications of Shale Gas | |
| Catherine Hausman; Ryan Kellogg | |
| 发表日期 | 2015-04-27 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Technological innovations in horizontal drilling and hydraulic fracturing have enabled tremendous amounts of natural gas to be extracted profitably from underground shale formations that were long thought to be uneconomical. In this paper, we provide the first estimates of broad-scale welfare and distributional implications of this supply boom. We provide new estimates of supply and demand elasticities, which we use to estimate the drop in natural gas prices that is attributable to the supply expansion. We calculate large, positive welfare impacts for four broad sectors of gas consumption (residential, commercial, industrial, and electric power), and a negative impact for producers, with variation across regions. We then examine the evidence for a gas-led "manufacturing renaissance" and for pass-through to prices of products such as retail natural gas, retail electricity, and commodity chemicals. We conclude with a discussion of environmental externalities from unconventional natural gas, including limitations of the current regulatory environment. Overall, we find that between 2007 and 2013 the shale gas revolution led to an increase in welfare for natural gas consumers and producers of $48 billion per year, but more data are needed on the extent and valuation of the environmental impacts of shale gas production. |
| 主题 | Microeconomics ; Households and Firms ; Industrial Organization ; Industry Studies ; Environmental and Resource Economics ; Energy ; Environment |
| URL | https://www.nber.org/papers/w21115 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578790 |
| 推荐引用方式 GB/T 7714 | Catherine Hausman,Ryan Kellogg. Welfare and Distributional Implications of Shale Gas. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
