Munich Personal RePEc Archive

Natural Gas and the US Economy: Some Preliminary Rules of Thumb

Arora, Vipin (2018): Natural Gas and the US Economy: Some Preliminary Rules of Thumb.

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Abstract

I estimate the response of real US GDP to changes in the natural gas price. A 10% increase in the natural gas price due to an unexpected fall in supply leads to a 0.15% decrease in GDP when using data after 2005. I also find that price increases driven by export demand became a net positive for GDP between 2006 and 2017—an interesting result that requires further research. Finally, the response of GDP to an increase in natural gas production is small and positive since 2005.

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