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Do Localities Benefit from Natural Resource Extraction?

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Do Localities Benefit from Natural Resource Extraction? / Schiller, Anita; De Silva, Dakshina; McComb, Robert .

In: Energy Journal, Vol. 41, No. 5, 31.08.2020, p. 185-211.

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Schiller, Anita ; De Silva, Dakshina ; McComb, Robert . / Do Localities Benefit from Natural Resource Extraction?. In: Energy Journal. 2020 ; Vol. 41, No. 5. pp. 185-211.

Bibtex

@article{41dd0ead711e4094986f857e17bb2294,
title = "Do Localities Benefit from Natural Resource Extraction?",
abstract = "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.",
author = "Anita Schiller and {De Silva}, Dakshina and Robert McComb",
year = "2020",
month = aug,
day = "31",
doi = "10.5547/01956574.41.5.ddes",
language = "English",
volume = "41",
pages = "185--211",
journal = "Energy Journal",
issn = "0195-6574",
publisher = "International Association for Energy Economics",
number = "5",

}

RIS

TY - JOUR

T1 - Do Localities Benefit from Natural Resource Extraction?

AU - Schiller, Anita

AU - De Silva, Dakshina

AU - McComb, Robert

PY - 2020/8/31

Y1 - 2020/8/31

N2 - 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.

AB - 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.

U2 - 10.5547/01956574.41.5.ddes

DO - 10.5547/01956574.41.5.ddes

M3 - Journal article

VL - 41

SP - 185

EP - 211

JO - Energy Journal

JF - Energy Journal

SN - 0195-6574

IS - 5

ER -