TAILIEUCHUNG - THE PENNSYLVANIA MARCELLUS NATURAL GAS INDUSTRY: STATUS, ECONOMIC IMPACTS AND FUTURE POTENTIAL

Kane, the author of a 2010 Kauffman paper on the subject, then combed through the data to make another crucial point. Some of the job loss in existing firms is due to ―Deaths,‖ ., firms closing down. This ―Death‖ toll is especially high for younger firms, as many startups close within a few years of founding. Therefore, it is important that a fair number of the ―Survivor‖ startups keep on growing to help offset the losses—and, as Kane notes, ―Among Survivors, so-called gazelle firms [the kind that grow quickly to large size] are certainly more important still.‖ . | Acknowledgements The authors of this study acknowledge that the Marcellus Shale Coalition provided the funding for this study. Research support from the School of Energy Resources and the Center for Energy Economics and Public Policy at the University of Wyoming is also acknowledged. Disclaimer This report was prepared as an account of work sponsored by the Marcellus Shale Coalition. Neither the John and Willie Leone Family Department of Energy and Mineral Engineering at Penn State the Center for Energy Economics and Public Policy at the University of Wyoming nor the Marcellus Shale Coalition nor any person acting on behalf thereof makes any warranty or representation express or implied with respect to the accuracy completeness or usefulness of the information contained in the report nor that its use may not infringe privately owned rights or assumes any liability with respect to the use of or for damages resulting from the use of any information apparatus method or process disclosed in this report. This report was written and produced for the Marcellus Shale Coalition by the John and Willie Leone Family Department of Energy and Mineral Engineering Penn State University. The opinions findings and conclusions expressed in the report are those of the authors and are not necessarily those of The Pennsylvania State University The University of Wyoming or the Marcellus Shale Coalition. To obtain additional copies of the report or with questions regarding the content contact Timothy J. Considine at tconsidi@ or 307 760-8400 or Robert Watson at rww1@ or 814 234-2708. ii Study Team Timothy J. Considine PhD - Dr. Considine is the School of Energy Resources Professor of Energy Economics and Director of the Center for Energy Economics and Public Policy in the Department of Economics and Finance at the University of Wyoming. Dr. Considine was formerly a Professor of Natural Resource Economics at the Pennsylvania State University from 1986 to 2008. Robert W. .

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