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Economic Shocks, Targeted Transfers, and Local Public Goods: Evidence from US Shale Gas Boom

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dc.contributor.author Sances, Michael W.
dc.contributor.author You, Hye Young
dc.date.accessioned 2017-12-11T16:13:37Z
dc.date.available 2017-12-11T16:13:37Z
dc.date.issued 2017 en_US
dc.identifier.uri https://hdl.handle.net/10535/10326
dc.description.abstract "Over the last 10 years, shale gas development in the US has generated large income shocks in many areas of the country, but how these shocks have affected local governments is unknown. Using shale gas production data at the county level between 1996 and 2012, we show that shale gas boom significantly increased own-source revenues for local governments. We also find Republican-leaning counties tend to receive more intergovernmental revenues from state governments, mostly governed by Republicans, when shale gas booms occur. On the spending side, the shale gas boom has mainly increased non-educational spending and salaries; we find insignificant and smaller impacts on education spending and salaries. Using political and demographic characteristics of counties as proxies for preferences, we mainly find interactions between preferences and state rather than local resource booms. Our results suggest the importance of the relative level of policy discretion across levels of government in the allocation of revenue from natural resources." en_US
dc.language English en_US
dc.title Economic Shocks, Targeted Transfers, and Local Public Goods: Evidence from US Shale Gas Boom en_US
dc.type Conference Paper en_US
dc.type.published unpublished en_US
dc.type.methodology Case Study en_US
dc.coverage.region North America en_US
dc.coverage.country United States en_US
dc.subject.sector Social Organization en_US
dc.identifier.citationconference Political Institutions and Economic Policy en_US
dc.identifier.citationconfdates May 13 en_US
dc.identifier.citationconfloc Ostrom Workshop, IU Bloomington en_US

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