Shale Oil Exploration and Regional Innovations

55 Pages Posted: 18 Feb 2021

See all articles by Kai Wu

Kai Wu

Central University of Finance and Economics (CUFE) - School of Finance

Zixuan Jiang

Central University of Finance and Economics (CUFE) - School of Finance

Date Written: January 22, 2021

Abstract

We evaluate the effect of the shale boom on regional innovations for a sample of U.S. counties from 2001 to 2009. We find that there has been a significant increase in regional innovation after the shale boom, which mainly comes from experienced inventors and green patents. Moreover, the shale boom affects regional innovation primarily through the migration of inventors. The positive association magnifies with a small scale of inventors who have applied for patents, small amounts of R&D stock, high degrees of Herfindahl-Hirschman index of the branch deposits, and a small number of bank branches. Our findings demonstrate the shale boom's promotional role in regional innovation and implications for shale gas development and policymaking.

Keywords: shale oil, inventor migration, regional innovation

JEL Classification: D22, L13, L4

Suggested Citation

Wu, Kai and Jiang, Zixuan, Shale Oil Exploration and Regional Innovations (January 22, 2021). Available at SSRN: https://ssrn.com/abstract=3771023 or http://dx.doi.org/10.2139/ssrn.3771023

Kai Wu (Contact Author)

Central University of Finance and Economics (CUFE) - School of Finance ( email )

Beijing
China

Zixuan Jiang

Central University of Finance and Economics (CUFE) - School of Finance ( email )

Beijing
China

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