The Long Term Consequences of Resource-Based Specialisation

• 成果类型: Article
• 署名作者: Michaels, Guy
• 署名单位: University of London; London School Economics & Political Science
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.1468-0297.2010.02402.x
• 发表日期: 2011
• 页码: 31-57
• 关键词: UNITED-STATES; curse; institutions; GROWTH; TRADE

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.