Browsing Centre for Business Improvement by Subjects
Now showing items 1-2 of 2
Fracking and asset prices: The role of health indicators for house prices across Oklahoma’s countiesThe paper extends Apergis’s (2019) study on the role of fracking activities in housing prices across Oklahoma countries by explicitly considering the role of certain indicators determining the health profile of the population. The analysis employs a panel model approach using data from 76 Oklahoma counties, spanning the period 1996-2015. The findings clearly indicate that the overall impact of fracking on housing prices is negative, given that the health indicators are explicitly considered, i.e. fracking has lowered housing prices.
The impact of fracking activities on Oklahoma’s housing prices: a panel cointegration analysis.Fracking drilling has opened a discussion on the role of technological developments in economies engaged in shale oil and gas formations. Oil and natural gas production opened new possibilities for employment benefits and housing prices decreases. This paper explores, for the first time, the impact of fracking on housing prices across Oklahoma’s counties, spanning the period 2000-2015. Through panel methods, the findings show a positive effect on housing prices, while this positive effect gains statistical significance only over the period after the 2006 fracking boom. The results survive a robustness check that explicitly considers distance and groundwater-dependency issues.