The Effect of Increasing The Value of Natural Gas Production on Property Value, Wages, Unemployment Rate and Birth Rate in The United States of America (2000-2011)

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Asgari, Mohammad Hossein | 2018

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Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 51524 (44)
University: Sharif University of Technology
Department: Management and Economics
Advisor(s): Rahmati, Mohammad Hossein
Abstract:
In the present study, the effects of increasing the value of shale gas production, either due to increased production or price increases, have been studied on economic variables such as employment, wage, property value and the number of births. In this regard, the data for each of these variables was used at the county level in the United States of America between 2000 and 2011. In order to estimate the desired effects, counties are divided into two types of boom and non-boom counties. The findings indicate that increasing natural gas production will lead to more employment and wage growth in boom counties than non-boom counties. Also, during the period of increasing production, the value of real estate in boom counties shows a lower growth than real estate in other counties, which indicates the negative effect of gas production on the housing market in boom counties. Regarding the variables on the status of newborns, it should also be noted that the increase in natural gas production has led to a significant increase in the growth of the number of births in boom areas compared to non-boom areas
Keywords:
Shale Gas ; Wage ; Birth Rate ; Boom County ; Property Value

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