Voter Preferences and Political Change: Evidence From Shale Booms

Citation data:

SSRN Electronic Journal

Publication Year:
2018
Usage 1241
Abstract Views 1060
Downloads 181
Captures 15
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SSRN
SSRN Id:
2698157
DOI:
10.2139/ssrn.2698157
Author(s):
Fedaseyeu, Viktar ; Gilje, Erik ; Strahan, Philip E.
Publisher(s):
Elsevier BV
Tags:
Voter Preferences; Technology; Shale; Corporate Political Influence; Political Change; Political Economy
article description
Hydraulic fracturing generated unexpected shale oil and gas booms. After these booms, voter support for Republicans rises, leading Republicans to win seats from Democrats. Corporate donations to Republicans increase, but voter preferences on policy issues do not. Roll-call voting by House members becomes more conservative across issues extending beyond energy or the economy. But these changes only occur due to shifts in incumbency, as individual politicians do not alter behavior. This evidence is consistent with firms effecting political change by helping their allies win elections instead of affecting the behavior of incumbents, which in turn creates spillovers to other issues.