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Economic, Environmental, and Health Impacts of the Fracking Boom

Author

Listed:
  • Katie Jo Black

    (Department of Economics, Kenyon College, Gambier, Ohio 43022, USA)

  • Andrew J. Boslett

    (Rochester Data Science Consortium, Rochester, New York 14604, USA)

  • Elaine L. Hill

    (Department of Public Health Sciences, University of Rochester Medical Center, University of Rochester School of Medicine and Dentistry, Rochester, New York 14642, USA)

  • Lala Ma

    (Department of Economics, Gatton College of Business and Economics, University of Kentucky, Lexington, Kentucky 40506, USA)

  • Shawn J. McCoy

    (Department of Economics, University of Nevada, Las Vegas, Nevada 89154, USA)

Abstract

The shale gas boom revolutionized the energy sector through hydraulic fracturing (fracking). High levels of energy production force communities, states, and nations to consider the externalities and potential risks associated with this unconventional oil and natural gas development (UOGD). In this review, we systematically outline the environmental, economic, and anthropogenic impacts of UOGD, while also considering the diverse methodological approaches to these topics. We summarize the current status and conclusions of the academic literature, in both economic and related fields, while also providing suggested avenues for future research. Causal inference will continue to be important for the evaluation of UOGD costs and benefits. We conclude that current economic, global, and health forces may require researchers to revisit outcomes in the face of a potential shale bust.

Suggested Citation

  • Katie Jo Black & Andrew J. Boslett & Elaine L. Hill & Lala Ma & Shawn J. McCoy, 2021. "Economic, Environmental, and Health Impacts of the Fracking Boom," Annual Review of Resource Economics, Annual Reviews, vol. 13(1), pages 311-334, October.
    • Handle: RePEc:anr:reseco:v:13:y:2021:p:311-334
    DOI: 10.1146/annurev-resource-110320-092648
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    Citations

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    Cited by:

    1. Victor Hernandez Martinez, 2024. "Capital-Skill Complementarity in Manufacturing: Lessons from the US Shale Boom," Working Papers 24-12, Federal Reserve Bank of Cleveland.
    2. Max Harleman & Pramod Manohar & Elaine L. Hill, 2022. "Negotiations of Oil and Gas Auxiliary Lease Clauses: Evidence from Pennsylvania’s Marcellus Shale," NBER Working Papers 30806, National Bureau of Economic Research, Inc.
    3. de Boon, Auvikki & Sandström, Camilla & Rose, David Christian, 2022. "Perceived legitimacy of agricultural transitions and implications for governance. Lessons learned from England’s post-Brexit agricultural transition," Land Use Policy, Elsevier, vol. 116(C).
    4. Deiana, Claudio & Giua, Ludovica, 2023. "This site is closed! The effect of decommissioning mining waste facilities on mortality in the long run," Journal of Environmental Economics and Management, Elsevier, vol. 119(C).
    5. Blundell, Wesley & Kokoza, Anatolii, 2022. "Natural gas flaring, respiratory health, and distributional effects," Journal of Public Economics, Elsevier, vol. 208(C).
    6. Hill, Elaine L. & Ma, Lala, 2022. "Drinking water, fracking, and infant health," Journal of Health Economics, Elsevier, vol. 82(C).

    More about this item

    Keywords

    hydraulic fracturing; fracking; environmental; economic externalities;
    All these keywords.

    JEL classification:

    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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