The Long Term Consequences of Resource-Based Specialisation

被引:154
|
作者
Michaels, Guy [1 ]
机构
[1] London Sch Econ, Dept Econ, London WC2A 2AE, England
来源
ECONOMIC JOURNAL | 2011年 / 121卷 / 551期
关键词
UNITED-STATES; CURSE; INSTITUTIONS; ECONOMY;
D O I
10.1111/j.1468-0297.2010.02402.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using geological variation in oil abundance in the Southern US, I examine the long term effects of resource-based specialisation through economic channels. In 1890 oil abundant counties were similar to other nearby counties but after oil was discovered they began to specialise in its production. From 1940-90 oil abundance increased local employment per square kilometre especially in mining but also in manufacturing. Oil abundant counties had higher population growth, higher per capita income and better infrastructure.
引用
收藏
页码:31 / 57
页数:27
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