Natural resource access and local economic growth

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Natural resource access and local economic growth. / Gradstein, Mark; Klemp, Marc.

In: European Economic Review, Vol. 127, 103441, 08.2020.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Gradstein, M & Klemp, M 2020, 'Natural resource access and local economic growth', European Economic Review, vol. 127, 103441. https://doi.org/10.1016/j.euroecorev.2020.103441

APA

Gradstein, M., & Klemp, M. (2020). Natural resource access and local economic growth. European Economic Review, 127, [103441]. https://doi.org/10.1016/j.euroecorev.2020.103441

Vancouver

Gradstein M, Klemp M. Natural resource access and local economic growth. European Economic Review. 2020 Aug;127. 103441. https://doi.org/10.1016/j.euroecorev.2020.103441

Author

Gradstein, Mark ; Klemp, Marc. / Natural resource access and local economic growth. In: European Economic Review. 2020 ; Vol. 127.

Bibtex

@article{f52db170bdb14e9ab717f27dd554e68b,
title = "Natural resource access and local economic growth",
abstract = "We explore the existence of a local “resource curse” related to Brazil's oil, using oil price annual changes interacted with measures of local proximity to oil reserves. We find that oil royalty-receiving locations in Brazil that are closer to an oil field are characterized by a higher level of income per capita, when controlling for a range of potentially confounding factors. Furthermore, in a panel setting, we find that better geographical access to oil fields generates a greater positive effect of oil prices on local income per capita. Moreover, this positive impact of oilfield proximity on the effect of oil prices is enhanced in oil rich states. Importantly, these effects appear to be independent of the amount of oil royalties, suggesting the role of an indirect linkage effect.",
keywords = "Local resource curse, Oil price shocks, Resource access",
author = "Mark Gradstein and Marc Klemp",
year = "2020",
month = aug,
doi = "10.1016/j.euroecorev.2020.103441",
language = "English",
volume = "127",
journal = "European Economic Review",
issn = "0014-2921",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - Natural resource access and local economic growth

AU - Gradstein, Mark

AU - Klemp, Marc

PY - 2020/8

Y1 - 2020/8

N2 - We explore the existence of a local “resource curse” related to Brazil's oil, using oil price annual changes interacted with measures of local proximity to oil reserves. We find that oil royalty-receiving locations in Brazil that are closer to an oil field are characterized by a higher level of income per capita, when controlling for a range of potentially confounding factors. Furthermore, in a panel setting, we find that better geographical access to oil fields generates a greater positive effect of oil prices on local income per capita. Moreover, this positive impact of oilfield proximity on the effect of oil prices is enhanced in oil rich states. Importantly, these effects appear to be independent of the amount of oil royalties, suggesting the role of an indirect linkage effect.

AB - We explore the existence of a local “resource curse” related to Brazil's oil, using oil price annual changes interacted with measures of local proximity to oil reserves. We find that oil royalty-receiving locations in Brazil that are closer to an oil field are characterized by a higher level of income per capita, when controlling for a range of potentially confounding factors. Furthermore, in a panel setting, we find that better geographical access to oil fields generates a greater positive effect of oil prices on local income per capita. Moreover, this positive impact of oilfield proximity on the effect of oil prices is enhanced in oil rich states. Importantly, these effects appear to be independent of the amount of oil royalties, suggesting the role of an indirect linkage effect.

KW - Local resource curse

KW - Oil price shocks

KW - Resource access

U2 - 10.1016/j.euroecorev.2020.103441

DO - 10.1016/j.euroecorev.2020.103441

M3 - Journal article

AN - SCOPUS:85086703234

VL - 127

JO - European Economic Review

JF - European Economic Review

SN - 0014-2921

M1 - 103441

ER -

ID: 245501625