{"title":"Did the U.S. Fracking Boom Shale-Shock Regional Patenting?","authors":"Luyi Han, John V. Winters","doi":"10.1111/grow.12740","DOIUrl":null,"url":null,"abstract":"<p>The shale boom of the early 21st century turned the U.S. into an energy powerhouse and significantly disrupted local economies with shale resources. This study examines the impacts of the U.S. shale boom on regional patenting at a commuting zone level. The shale boom may negatively affect patents if it crowds out labor and capital investments in other non-energy industries. Our findings show that a one standard deviation increase in non-vertical well density decreases patent intensity by 3.74% of the mean. Areas with higher drilling densities have lower levels of patented innovation compared to their counterfactuals. This paper contributes to the existing literature related to the “natural resource curse.” We provide new evidence based on regional patenting, which is an important indicator for regional innovation and long-term economic growth.</p>","PeriodicalId":47545,"journal":{"name":"Growth and Change","volume":"55 4","pages":""},"PeriodicalIF":2.9000,"publicationDate":"2024-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/grow.12740","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Growth and Change","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/grow.12740","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
The shale boom of the early 21st century turned the U.S. into an energy powerhouse and significantly disrupted local economies with shale resources. This study examines the impacts of the U.S. shale boom on regional patenting at a commuting zone level. The shale boom may negatively affect patents if it crowds out labor and capital investments in other non-energy industries. Our findings show that a one standard deviation increase in non-vertical well density decreases patent intensity by 3.74% of the mean. Areas with higher drilling densities have lower levels of patented innovation compared to their counterfactuals. This paper contributes to the existing literature related to the “natural resource curse.” We provide new evidence based on regional patenting, which is an important indicator for regional innovation and long-term economic growth.
期刊介绍：
Growth and Change is a broadly based forum for scholarly research on all aspects of urban and regional development and policy-making. Interdisciplinary in scope, the journal publishes both empirical and theoretical contributions from economics, geography, public finance, urban and regional planning, agricultural economics, public policy, and related fields. These include full-length research articles, Perspectives (contemporary assessments and views on significant issues in urban and regional development) as well as critical book reviews.
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