{"id":3277,"date":"2018-07-05T10:14:23","date_gmt":"2018-07-05T08:14:23","guid":{"rendered":"http:\/\/www.rsijournal.eu\/?p=3277"},"modified":"2018-07-05T06:49:40","modified_gmt":"2018-07-05T04:49:40","slug":"shale-industry%e2%80%99s-economic-contribution-in-ohio-usa-implications-for-future-activity-in-the-state","status":"publish","type":"post","link":"https:\/\/rsijournal.eu\/?p=3277","title":{"rendered":"SHALE INDUSTRY\u2019S ECONOMIC CONTRIBUTION IN OHIO, USA: IMPLICATIONS FOR FUTURE ACTIVITY IN THE STATE"},"content":{"rendered":"<h2>Gilbert MICHAUD<\/h2>\n<h3>PhD. Assistant Professor of Practice, Ohio University, Athens, Ohio,  United States of America<\/h3>\n<h3>michaudg@ohio.edu<\/h3>\n<p><strong>Abstract<\/strong><\/p>\n<p>Ohio\u2019s shale industry serves as a significant facet of the state\u2019s economy, employing nearly 150,000 and contributing over $22 billion of positive impacts as of 2015.\u00a0 With advancements in hydraulic fracturing techniques, and access to the Marcellus and Utica shale plays in the eastern part of the state, Ohio has noteworthy potential for future shale development despite anecdotal discussion of a potential bust of the industry.\u00a0 This research employed a multi-industry economic contribution analysis using IMPLAN and an input-output methodology with 2015 data to quantify the economic contribution of the shale industry across the entire State of Ohio, as well as a 26-county Appalachian Ohio region where most shale extraction activity is taking place.\u00a0 Strong economic impact metrics are found for shale activity, including robust multiplier effects relative to other industries in the state.\u00a0 Out of the six modeled shale-related sectors, Pipeline Transportation, by far, pays the highest wages.\u00a0 Further, in order, the top five counties by total economic contribution per capita are Noble, Monroe, Belmont, Guernsey, and Washington.\u00a0 In fact, roughly 90% of the gross regional product in Monroe and Noble counties is attributable to the shale industry.\u00a0 With these findings, economic development and policy implications are highlighted, which are important as no other shale-play region in the U.S. is so disproportionally affected by resource extraction which contributes to regional poverty and negative pollution effects.\u00a0 Retaining wealth in this region with the legacy of boom-and-bust resource extraction is ever important, and this paper provides a baseline for analysis when looking how the shale industry changes over time.<\/p>\n<p><strong>Keywords:<\/strong> Energy, Natural Resources, Rural Economics, Resource Policy<\/p>\n<p><strong>JEL classification: <\/strong>J68, O13, P48<br \/>\n<em><a href=\"http:\/\/www.rsijournal.eu\/ARTICLES\/July_2018\/14.pdf\" target=\"_blank\">read more<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gilbert MICHAUD PhD. Assistant Professor of Practice, Ohio University, Athens, Ohio, United States of America michaudg@ohio.edu Abstract Ohio\u2019s shale industry serves as a significant facet of the state\u2019s economy, employing nearly 150,000 and contributing over $22 billion of positive impacts as of 2015.\u00a0 With advancements in hydraulic fracturing techniques, and access to the Marcellus and&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[181],"tags":[704,702,705,693,703,707,706],"class_list":["post-3277","post","type-post","status-publish","format-standard","hentry","category-published","tag-energy","tag-j68","tag-natural-resources","tag-o13","tag-p48","tag-resource-policy","tag-rural-economics"],"_links":{"self":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts\/3277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3277"}],"version-history":[{"count":2,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts\/3277\/revisions"}],"predecessor-version":[{"id":3318,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts\/3277\/revisions\/3318"}],"wp:attachment":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}