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Shale gas and regional economic development: Enhancing local economic impact

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  • Philip B Whyman

Abstract

The expansion of shale gas extraction has been supported by the UK national government because of predicted economic benefits. However, what is largely missing from this analysis is an estimation of local and regional economic impact. This paper seeks to contribute to the deliberations of local stakeholders by outlining current estimates of local multiplier effects and indicating where policy initiatives could be targeted to maximise local economy benefit. This advocates a reorientation of public policy support for the shale gas industry to focus upon the development of educational partnerships, enhancing skills development and attracting inward investment through spillover effects, thereby enhancing local economic impact.

Suggested Citation

  • Philip B Whyman, 2015. "Shale gas and regional economic development: Enhancing local economic impact," Local Economy, London South Bank University, vol. 30(2), pages 215-230, March.
    • Handle: RePEc:sae:loceco:v:30:y:2015:i:2:p:215-230
    DOI: 10.1177/0269094215574026
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    References listed on IDEAS

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    1. McCann, Philip, 2013. "Modern Urban and Regional Economics," OUP Catalogue, Oxford University Press, edition 2, number 9780199582006.
    2. James G.S. Yang, 2014. "Potentials and Perils of E-Business in China," International Journal of E-Business Research (IJEBR), IGI Global, vol. 10(4), pages 39-51, October.
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    Cited by:

    1. Yvonne Rydin & Lucy Natarajan & Maria Lee & Simon Lock, 2018. "Do local economic interests matter when regulating nationally significant infrastructure? The case of renewable energy infrastructure projects," Local Economy, London South Bank University, vol. 33(3), pages 269-286, May.

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