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Do Localities Benefit from Natural Resource Extraction?
The Energy Journal ( IF 2.9 ) Pub Date : 2020-09-01 , DOI: 10.5547/01956574.41.5.ddes
Dakshina G. De Silva , Robert P. McComb , Anita R. Schiller

There is a strand of the economics literature that considers the regionalized economic effects of natural resource endowments. The so-called Natural Resource Curse suggests that natural resource endowments are associated with lower long-term growth rates in the areas in which the resources are located. Lower growth arises because these areas tend to specialize in the development and exploitation of the natural resources at the expense of other dynamic economic activities that offer higher long-term growth potential. Empirical evidence has, however, not reached consistent conclusions. In this paper, we take advantage of the rapid growth in oil and gas development and production in Texas over the course of a decade to consider the localized effects on inter-industry county-level employment at the NAICS-2, county-level mean and median income, and key public finance measures at both the county and school district levels. Considering the effects within a single, large and economically diverse state enables us to control for important state-level variables that influence local public fiances. We find little evidence of short term effects necessary to generate the circumstance of a resource curse over the longer term.

中文翻译:

当地是否受益于自然资源开采?

有一些经济学文献考虑了自然资源禀赋的区域化经济影响。所谓的自然资源诅咒表明,自然资源禀赋与资源所在地区较低的长期增长率有关。较低的增长出现是因为这些地区倾向于专注于自然资源的开发和开采,而以牺牲提供更高长期增长潜力的其他动态经济活动为代价。然而,经验证据并未得出一致的结论。在本文中,我们利用德克萨斯州过去十年石油和天然气开发和生产的快速增长来考虑 NAICS-2、县级平均和收入中位数,以及县级和学区级的主要公共财政措施。考虑在一个单一的、大的和经济多样化的州内的影响,我们能够控制影响当地公共未婚夫的重要州级变量。我们发现几乎没有证据表明在长期内产生资源诅咒的情况所必需的短期影响。
更新日期:2020-09-01
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