The curse of natural resources: An empirical investigation of U.S. counties

James, Alex; Aadland, David

doi:10.1016/j.reseneeco.2010.05.006

Cited by 229 publications

(137 citation statements)

References 24 publications

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“…With most energy-boom counties being rural and somewhat remote, gaining agglomeration economies is an important element of future growth. 10 U.S. National Interregional Highway Committee's (1944) report shows maps of the proposed "military" highway system, which is remarkably similar to what was eventually constructed in the 1950s, 1960s, and 1970s. In general, the literature suggests that counties and states that are initially more intensive in mining tend to grow less over the long-term (Papyrakis and Gerlagh, 2007;Freeman, 2009;Kilkenny and Partridge 2009;Lobao, 2013;James and Aadland 2011). Many of the reasons for mining-intensive regions to lag in the long-run are discussed above.…”

Section: Boom-bust and The Natural Resource Cursementioning

confidence: 99%

Unconventional Gas and Oil Development in the United States: Economic Experience and Policy Issues

Kelsey

Partridge

White

2016

Applied Eco Perspectives Pol

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This paper examines the economic experience of past energy booms and of current unconventional shale gas and oil development. It focuses on key economic characteristics of gas and oil development, such as its employment potential, the geography of such development, its boom-bust nature, and the economic experience with shale oil and gas development. This background is used to discuss important economic policy issues arising with unconventional oil and gas development, such as taxation, governmental use of those revenues, preemption, and equity in the distribution of costs and benefits. The paper concludes with economic policy recommendations for states and communities affected by such development.

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Section: Boom-bust and The Natural Resource Cursementioning

confidence: 99%

Unconventional Gas and Oil Development in the United States: Economic Experience and Policy Issues

Kelsey

Partridge

White

2016

Applied Eco Perspectives Pol

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“…Although the so--called resource curse (an inverse relationship between resource sector dependence and long--run economic performance) has been examined for nations, less has been done at the sub--national level in developed counties, though there is increasing interest (Freeman, 2009;Gylfason et al, 1999;James and Aadland, 2011;Papyrakis and Gerlagh, 2007;Sachs and Warner, 1999;Sachs and Warner, 2001). Recent research assesses how a growing energy sector affects short--term local economic performance, at least in the relatively short run of the previous boom decade (Brown, 2014;Weinstein, 2014).…”

Section: Introductionmentioning

confidence: 99%

Economics of modern energy boomtowns: Do oil and gas shocks differ from shocks in the rest of the economy?

Tsvetkova

Partridge

2016

Energy Economics

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The U.S. shale boom has intensified interest in how the expanding oil and gas sector affects local economic performance. Research has produced mixed results and has not compared how energy shocks differ from equal--sized shocks elsewhere in the economy. What emerges is that the estimated impacts of energy development vary by region, empirical methodology, as well as the time horizon that is considered. This paper captures these dimensions to present a more complete picture of energy boomtowns. Utilizing U.S. county data, we estimate the effects of changes in oil and gas extraction employment on total employment growth as well as growth by sector. We compare this to the effects of equal--sized shocks in the rest of the economy to assess whether energy booms are inherently different. The analysis is performed separately for nonmetropolitan and metropolitan counties using instrumental variables. We difference over 1--, 3--, 6--, and 10--year time periods to account for county fixed effects and to assess responses across different time horizons. The results show that in nonmetro counties, energy sector multiplier effects on total county employment first increase up to 6--year horizons and then decline for 10--year horizons. In metro counties, 1--year differences analysis suggests crowding out though the multipliers are insignificant in longer horizons. We also observe positive spillovers to the nontraded goods sector, while spillovers are small or negative for traded goods. Yet, equal--sized shocks in the rest of the economy produce more jobs on average than oil and gas shocks, suggesting that policymakers should seek more diversified development.

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“…(Aytaç et al, 2016) Rather than focusing on the macroeconomic outcome, an interesting research trend concerns the effects of extraction on the scale of regions and local communities. (James and Aadland 2011;Aragón and Rud 2013a;Gilberthorpe and Papyrakis, 2015) If the resource curse holds for the micro and macro level as well, then meso level communities suffer double damage from both the poor performance of the national economy and the degradation of local social and environmental capital. Labelled as the anthropology of the resource curse, research agenda aims to recontextualize the process of extraction in its social embedment and emphasises the significance of corporate responsibility.…”

Section: Open Questionsmentioning

confidence: 99%

A Review on the Resource Curse

Szalai

2018

Period. Polytech. Soc. Man. Sci.

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Natural wealth is generally considered as one of the fundamental sources of economic growth. However, a vast majority of the related empirical research verified that resource-rich countries tend to underperform their resource-deficient counterparts. This paradox is known as the resource curse. During the past two decades more sophisticated analyses have revealed that the presence of the curse is conditional and its growth effects are non-monotonic. Recent efforts concentrate on understanding the transmission channels and identifying the decisive conditions on the fulfillment of the curse. This article gives an overview on the progress and depicts the current state of the research.

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The curse of natural resources: An empirical investigation of U.S. counties

Cited by 229 publications

References 24 publications

Unconventional Gas and Oil Development in the United States: Economic Experience and Policy Issues

Unconventional Gas and Oil Development in the United States: Economic Experience and Policy Issues

Economics of modern energy boomtowns: Do oil and gas shocks differ from shocks in the rest of the economy?

A Review on the Resource Curse

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