publication . Article . Preprint . 2015

The political economy of local fracking bans

E. Frank Stephenson; Joshua C. Hall; Christopher Shultz;
Open Access
  • Published: 01 Sep 2015 Journal: Journal of Economics and Finance, volume 42, pages 397-408 (issn: 1055-0925, eissn: 1938-9744, Copyright policy)
  • Publisher: Springer Nature
Abstract
Concerns about harmful effects arising from the increased use of hydraulic fracturing (fracking) to extract underground fuel resources has led to efforts to ban the practice. Many townships in western New York, which lies above the gas-rich Marcellus shale formation, have enacted bans or moratoria. Using spatial econometric techniques, we examine factors related to townships' choice to adopt fracking bans and document the importance of spatial dependence when analyzing fracking bans. We find education levels, the poverty rate, and veterans groups are associated with an increased probability of a township banning or putting a moratorium on fracking.
Subjects
Medical Subject Headings: health care economics and organizations
free text keywords: fracking bans, spatial autocorrelation, Marcellus shale, Natural resource economics, Economics, Hydraulic fracturing, Poverty rate, jel:H73, jel:Q48, jel:R52
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