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来源类型Working Paper
规范类型报告
DOI10.3386/w22859
来源IDWorking Paper 22859
Fear of Fracking? The Impact of the Shale Gas Exploration on House Prices in Britain
Steve Gibbons; Stephan Heblich; Esther Lho; Christopher Timmins
发表日期2016-11-28
出版年2016
语种英语
摘要Shale gas has grown to become a major new source of energy in countries around the globe. While its importance for energy supply is well recognized, there has also been public concern over potential risks such as damage to buildings and contamination of water supplies caused by geological disturbance from the hydraulic fracturing (‘fracking’) extraction process. Although commercial development has not yet taken place in the UK, licenses for drilling were issued in 2008 implying potential future development. This paper examines whether public fears about fracking are evident in changes in house prices in areas that have been licensed for shale gas exploration. Our estimates suggest differentiated effects. Licensing did not affect house prices but fracking the first well in 2011, which caused two minor earthquakes, did. We find a 2.7-4.1 percent house price decrease in the area where the earthquakes occurred. Robustness checks confirm our findings.
主题Environmental and Resource Economics ; Energy ; Environment
URLhttps://www.nber.org/papers/w22859
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/580533
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Steve Gibbons,Stephan Heblich,Esther Lho,et al. Fear of Fracking? The Impact of the Shale Gas Exploration on House Prices in Britain. 2016.
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