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来源类型Working Paper
规范类型报告
DOI10.3386/w20508
来源IDWorking Paper 20508
Dutch Disease or Agglomeration? The Local Economic Effects of Natural Resource Booms in Modern America
Hunt Allcott; Daniel Keniston
发表日期2014-09-18
出版年2014
语种英语
摘要Do natural resources benefit producer economies, or is there a “Natural Resource Curse,”0 perhaps as the crowd-out of manufacturing productivity spillovers reduces long-term growth? We combine new data on oil and gas endowments with Census of Manufactures microdata to estimate how oil and gas booms affect local economies in the United States. Local wages rise during oil and gas booms, but manufacturing is not crowded out—in fact, the sector grows overall, driven by upstream and locally-traded subsectors. Tradable manufacturing subsectors do contract during resource booms, but their productivity is unaffected, so there is no evidence of foregone local learning-by-doing effects. Over the full 1969-2014 sample, a county with one standard deviation additional oil and gas endowment averaged about one percent higher real wages. Overall, the results provide evidence against a Natural Resource Curse within the United States.
主题Industrial Organization ; Industry Studies ; Development and Growth ; Growth and Productivity ; Environmental and Resource Economics ; Energy ; Regional and Urban Economics ; Regional Economics
URLhttps://www.nber.org/papers/w20508
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/578180
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GB/T 7714
Hunt Allcott,Daniel Keniston. Dutch Disease or Agglomeration? The Local Economic Effects of Natural Resource Booms in Modern America. 2014.
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