The Local Economic and Welfare Consequences of Hydraulic Fracturing

This paper has benefited from conversations with John Deutch, Lucas Davis, Manasi Deshpande, Joseph Doyle, Esther Duflo, and Edson Severnini, and seminar participants at the ASSA 2014 Meetings, the Center for Energy and Environmental Policy Research Spring Workshop, the Energy Institute @Haas Summer Energy Camp, MIT, Tufts University, University of Chicago, and the NBER Summer Institute. We thank Brian Goggin, Faraz Hayat, Colin McDonnell, Ishan Nath, Lucy Page, Jonathan Petkun, Harshil Sahai, and Daniel Stuart for excellent research assistance. Greenstone gratefully acknowledges financial support from MIT’s Provost Office. Bartik gratefully acknowledges funding from the MIT Center for Energy and Environmental Policy Research (CEEPR). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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