Fracking, Drilling, and Asset Pricing: Estimating the Economic Benefits of the Shale Revolution
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We quantify the effect of a significant technological innovation, shale oil development, on asset prices. Using stock returns on major news announcement days allows us to link aggregate stock price fluctuations to shale technology innovations. We exploit cross-sectional variation in industry
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美国国家经济研究局创建时间：
2016-12-01
