| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22859 |
| 来源ID | Working 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 |
| URL | https://www.nber.org/papers/w22859 |
| 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/580533 |
| 推荐引用方式 GB/T 7714 | Steve Gibbons,Stephan Heblich,Esther Lho,et al. Fear of Fracking? The Impact of the Shale Gas Exploration on House Prices in Britain. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22859.pdf（1338KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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