Technology, Economic Booms, and Politics: Evidence from Fracking

34 Pages Posted: 4 Dec 2015 Last revised: 27 Mar 2019

See all articles by Viktar Fedaseyeu

Viktar Fedaseyeu

China Europe International Business School (CEIBS)

Erik Gilje

University of Pennsylvania - The Wharton School

Philip E. Strahan

Boston College - Department of Finance; National Bureau of Economic Research (NBER)

Date Written: March 20, 2019

Abstract

Hydraulic fracking generated unexpected shale oil and gas booms. After these booms, voter support for Republicans rises, leading Republicans to win seats from Democrats. Roll-call voting by House members becomes more conservative after shale across issues extending beyond energy or the economy. The results suggest that changes in preferences on specific issues can have broad spillover effects across a wide range of policy outcomes.

Keywords: Voter Preferences, Technology, Shale, Political Change, Political Economy

JEL Classification: D72, G38, P16

Suggested Citation

Fedaseyeu, Viktar and Gilje, Erik and Strahan, Philip E., Technology, Economic Booms, and Politics: Evidence from Fracking (March 20, 2019). Available at SSRN: https://ssrn.com/abstract=2698157 or http://dx.doi.org/10.2139/ssrn.2698157

Viktar Fedaseyeu

China Europe International Business School (CEIBS) ( email )

Shanghai-Hongfeng Road
Shanghai 201206
Shanghai 201206
China

HOME PAGE: http://https://www.ceibs.edu/fviktar

Erik Gilje (Contact Author)

University of Pennsylvania - The Wharton School ( email )

3641 Locust Walk
Philadelphia, PA 19104-6365
United States

Philip E. Strahan

Boston College - Department of Finance ( email )

Carroll School of Management
140 Commonwealth Avenue
Chestnut Hill, MA 02467-3808
United States
617-552-6430 (Phone)
617-552-0431 (Fax)

HOME PAGE: http://www2.bc.edu/~strahan

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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