The shale revolution and entrepreneurship: an assessment of the relationship between energy sector expansion and small business entrepreneurship in US counties

摘要: Abstract The shale revolution led to a sharp increase in the US oil and gas production. Although long-term consequences of this process are yet be assessed, existing evidence points both positive negative effects. has increased employment income resource-rich communities, but also contributed pollution, higher crime rates lower educational attainment. job-creating effects, however, may conceal differing impacts on paid self-employment, where crowding out latter is line with one mechanism resource curse hypotheses. In paper, we examine previously undocumented impact energy sector expansion small business entrepreneurship. Using SUR IV approaches differencing strategy, estimate effects growth extraction industry self-employment metropolitan rural counties during 2001–2013 period. results suggest that after three years, appears crowd elsewhere economy, or, at very least, few net spillovers. This pattern lead curse.