How did the US economy react to shale gas production revolution? An advanced time series approach


BİLGİLİ F., Kocak E., Bulut U., Sualp M. N.

ENERGY, cilt.116, ss.963-977, 2016 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 116
  • Basım Tarihi: 2016
  • Doi Numarası: 10.1016/j.energy.2016.10.056
  • Dergi Adı: ENERGY
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Sayfa Sayıları: ss.963-977
  • Anahtar Kelimeler: Shale gas revolution, The US economy, Impact of shale gas, Cointegration, Causality, Structural breaks, RENEWABLE ENERGY-CONSUMPTION, UNIT-ROOT TESTS, CO2 EMISSIONS, ELECTRICITY CONSUMPTION, CAUSAL RELATIONSHIP, GRANGER CAUSALITY, GROWTH NEXUS, COINTEGRATION, IMPACT, PANEL
  • Erciyes Üniversitesi Adresli: Evet

Özet

This paper aims at examining the impacts of shale gas revolution on industrial production in the US. To this end, this paper, first, throughout literature review, exposes the features of shale gas revolution in the US in terms of energy technology and energy markets. However, the potential influences of shale gas extraction on the US economy are not explicit in the existing literature. Thus, considering mainly the output of shale gas revolution on the US economy in this research, later, the paper conducts econometric models to reveal if there exists significant effect(s) of shale gas revolution on the US economy. Therefore, the paper employs unit root tests and cointegration tests by following relevant US monthly data from January 2008 to December 2013.