The Local Economic Impacts of Resource Abundance

What are the socioeconomic impacts of resource abundance? Are these effects different at the national and local levels? How could resource booms benefit (or harm) local communities? This paper reviews a vast literature examining these questions, with an emphasis on empirical works. First, the evidence and theoretical arguments behind the so-called resource curse, and other impacts at the country level, are reviewed. This cross-country literature highlights the importance of institutions. Then, a simple analytical framework is developed to understand how resource booms could impact local communities, and the available empirical evidence is examined. This emerging literature exploits within-country variation and is opening new ways to think about the relation between natural resources and economic development. The main message is that others factors, such as market mechanisms and local spillovers, are also relevant for understanding the impact of resource abundance. Finally, the paper discusses issues related to fiscal decentralization and provides ideas for future research.

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Bibliographic Details
Main Authors: Aragona, Fernando M., Chuhan-Pole, Punam, Land, Bryan Christopher
Format: Working Paper biblioteca
Language:English
en_US
Published: World Bank, Washington, DC 2015-05
Subjects:MONETARY POLICY, ENVIRONMENTAL QUALITY, INTERGENERATIONAL EQUITY, ECONOMIC GROWTH, TECHNOLOGICAL PROGRESS, PRODUCTION, ENVIRONMENTAL PROTECTION, MULTIPLIERS, AIR QUALITY, PERVERSE INCENTIVES, CARBON, INCOME, ECONOMIC WELFARE, AGRICULTURAL PRODUCTION, NITROGEN OXIDES, PRODUCERS, PROPERTY RIGHTS, HEAVY METALS, MACROECONOMIC POLICY, LABOR FORCE, LIQUIDITY, EXPORTS, EMISSIONS, POLITICAL ECONOMY, REVENUES, WELFARE, ENVIRONMENTAL REGULATIONS, ECONOMIC EFFECTS, INCENTIVES, EQUILIBRIUM, VARIABLES, TAX SYSTEMS, MODELS, EMPIRICAL STUDIES, REAL INCOME, INPUTS, REAL WAGES, RETURNS TO SCALE, WEALTH, INPUT PRICES, AGRICULTURAL OUTPUT, DEVELOPED COUNTRIES, SOCIOECONOMIC IMPACTS, INCREASING RETURNS TO SCALE, EMPIRICAL ANALYSIS, ECONOMIC ACTIVITY, DEVELOPMENT, OIL PRICES, COSTS, VOTERS, OIL, AIR POLLUTION, CROWDING OUT, DEVELOPMENT ECONOMICS, WELFARE EFFECTS, POPULATION GROWTH, CORPORATE INCOME TAXES, RENT, CAPITAL FORMATION, FIXED COSTS, EXCHANGE RATES, PRODUCTIVITY, OPTIONS, LABOR PRODUCTIVITY, EXTERNALITIES, INDUSTRIALIZATION, INCREASING RETURNS, DEMOCRATIC INSTITUTIONS, MARKET MECHANISM, DEBT, MARKETS, POLLUTION, ECONOMIC POLICIES, ENVIRONMENTAL ECONOMICS, NATURAL RESOURCES, GROSS DOMESTIC PRODUCT, METALS, EFFICIENCY, FISHING, FOOD PRODUCTION, TAXES, CANCER, LAND USE, RESOURCES, UNEMPLOYMENT, EQUITY, PRODUCTIVITY GROWTH, HUMAN CAPITAL, OPPORTUNITY COST, ECONOMIC IMPACT, ECONOMIC PERFORMANCE, CAPITAL, WAGES, COMPLIANCE COSTS, VALUE, POLICY MAKERS, AIR POLLUTION CONTROL, ENVIRONMENTAL IMPACTS, PURCHASING POWER, COMPARATIVE ADVANTAGES, DEMAND, MINES, AGGREGATE DEMAND, PUBLIC EXPENDITURES, ECONOMY, ENVIRONMENTS, EXPENDITURES, PROPERTY, CORPORATE TAXES, GROWTH MODELS, MEASUREMENT, ENVIRONMENT, SOIL DEGRADATION, ECONOMICS, ECONOMIC MODELS, TERMS OF TRADE, TAX REVENUE, SIDE EFFECTS, ECONOMIC DEVELOPMENT, TRADE, GDP, GOODS, LAND, ECONOMIES OF SCALE, INVESTMENT, COMPARATIVE ADVANTAGE, POSITIVE EXTERNALITIES, COAL, WATER POLLUTION, DECENTRALIZATION, REVENUE, POLLUTION CONTROL, OVERVALUATION, EMPIRICAL EVIDENCE, LIVING CONDITIONS, ECONOMISTS, PRICE INDEXES, PROFITS, ENVIRONMENTAL, ACID RAIN, LABOR MARKETS, OUTCOMES, OPEN ECONOMIES, PUBLIC GOOD, PRICES, NEGATIVE EXTERNALITIES, BENEFITS, ECONOMIES, DEVELOPMENT POLICY, PUBLIC GOODS, FUTURE RESEARCH,
Online Access:http://documents.worldbank.org/curated/en/2015/05/24472144/local-economic-impacts-resource-abundance-learned
https://hdl.handle.net/10986/21995
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spelling dig-okr-10986219952024-08-07T20:27:49Z The Local Economic Impacts of Resource Abundance What Have We Learned? Aragona, Fernando M. Chuhan-Pole, Punam Land, Bryan Christopher MONETARY POLICY ENVIRONMENTAL QUALITY INTERGENERATIONAL EQUITY ECONOMIC GROWTH TECHNOLOGICAL PROGRESS PRODUCTION ENVIRONMENTAL PROTECTION MULTIPLIERS AIR QUALITY PERVERSE INCENTIVES CARBON INCOME ECONOMIC WELFARE AGRICULTURAL PRODUCTION NITROGEN OXIDES PRODUCERS PROPERTY RIGHTS HEAVY METALS MACROECONOMIC POLICY LABOR FORCE LIQUIDITY EXPORTS EMISSIONS POLITICAL ECONOMY REVENUES WELFARE ENVIRONMENTAL REGULATIONS ECONOMIC EFFECTS INCENTIVES EQUILIBRIUM VARIABLES TAX SYSTEMS MODELS EMPIRICAL STUDIES REAL INCOME INPUTS REAL WAGES RETURNS TO SCALE WEALTH INPUT PRICES AGRICULTURAL OUTPUT DEVELOPED COUNTRIES SOCIOECONOMIC IMPACTS INCREASING RETURNS TO SCALE EMPIRICAL ANALYSIS ECONOMIC ACTIVITY DEVELOPMENT OIL PRICES COSTS VOTERS OIL AIR POLLUTION CROWDING OUT DEVELOPMENT ECONOMICS WELFARE EFFECTS POPULATION GROWTH CORPORATE INCOME TAXES RENT CAPITAL FORMATION FIXED COSTS EXCHANGE RATES PRODUCTIVITY OPTIONS LABOR PRODUCTIVITY EXTERNALITIES INDUSTRIALIZATION INCREASING RETURNS DEMOCRATIC INSTITUTIONS MARKET MECHANISM DEBT MARKETS POLLUTION ECONOMIC POLICIES ENVIRONMENTAL ECONOMICS NATURAL RESOURCES GROSS DOMESTIC PRODUCT METALS EFFICIENCY FISHING FOOD PRODUCTION TAXES CANCER LAND USE RESOURCES UNEMPLOYMENT EQUITY PRODUCTIVITY GROWTH HUMAN CAPITAL OPPORTUNITY COST ECONOMIC IMPACT ECONOMIC PERFORMANCE CAPITAL WAGES COMPLIANCE COSTS VALUE POLICY MAKERS AIR POLLUTION CONTROL ENVIRONMENTAL IMPACTS PURCHASING POWER COMPARATIVE ADVANTAGES DEMAND MINES AGGREGATE DEMAND PUBLIC EXPENDITURES ECONOMY ENVIRONMENTS EXPENDITURES PROPERTY CORPORATE TAXES GROWTH MODELS MEASUREMENT ENVIRONMENT SOIL DEGRADATION ECONOMICS ECONOMIC MODELS TERMS OF TRADE TAX REVENUE SIDE EFFECTS ECONOMIC DEVELOPMENT TRADE GDP GOODS LAND ECONOMIES OF SCALE INVESTMENT COMPARATIVE ADVANTAGE POSITIVE EXTERNALITIES COAL WATER POLLUTION DECENTRALIZATION REVENUE POLLUTION CONTROL OVERVALUATION EMPIRICAL EVIDENCE LIVING CONDITIONS ECONOMISTS PRICE INDEXES PROFITS ENVIRONMENTAL ACID RAIN LABOR MARKETS OUTCOMES OPEN ECONOMIES PUBLIC GOOD PRICES NEGATIVE EXTERNALITIES BENEFITS ECONOMIES DEVELOPMENT POLICY PUBLIC GOODS FUTURE RESEARCH What are the socioeconomic impacts of resource abundance? Are these effects different at the national and local levels? How could resource booms benefit (or harm) local communities? This paper reviews a vast literature examining these questions, with an emphasis on empirical works. First, the evidence and theoretical arguments behind the so-called resource curse, and other impacts at the country level, are reviewed. This cross-country literature highlights the importance of institutions. Then, a simple analytical framework is developed to understand how resource booms could impact local communities, and the available empirical evidence is examined. This emerging literature exploits within-country variation and is opening new ways to think about the relation between natural resources and economic development. The main message is that others factors, such as market mechanisms and local spillovers, are also relevant for understanding the impact of resource abundance. Finally, the paper discusses issues related to fiscal decentralization and provides ideas for future research. 2015-06-02T17:30:19Z 2015-06-02T17:30:19Z 2015-05 Working Paper Document de travail Documento de trabajo http://documents.worldbank.org/curated/en/2015/05/24472144/local-economic-impacts-resource-abundance-learned https://hdl.handle.net/10986/21995 English en_US Policy Research Working Paper;No. 7263 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
en_US
topic MONETARY POLICY
ENVIRONMENTAL QUALITY
INTERGENERATIONAL EQUITY
ECONOMIC GROWTH
TECHNOLOGICAL PROGRESS
PRODUCTION
ENVIRONMENTAL PROTECTION
MULTIPLIERS
AIR QUALITY
PERVERSE INCENTIVES
CARBON
INCOME
ECONOMIC WELFARE
AGRICULTURAL PRODUCTION
NITROGEN OXIDES
PRODUCERS
PROPERTY RIGHTS
HEAVY METALS
MACROECONOMIC POLICY
LABOR FORCE
LIQUIDITY
EXPORTS
EMISSIONS
POLITICAL ECONOMY
REVENUES
WELFARE
ENVIRONMENTAL REGULATIONS
ECONOMIC EFFECTS
INCENTIVES
EQUILIBRIUM
VARIABLES
TAX SYSTEMS
MODELS
EMPIRICAL STUDIES
REAL INCOME
INPUTS
REAL WAGES
RETURNS TO SCALE
WEALTH
INPUT PRICES
AGRICULTURAL OUTPUT
DEVELOPED COUNTRIES
SOCIOECONOMIC IMPACTS
INCREASING RETURNS TO SCALE
EMPIRICAL ANALYSIS
ECONOMIC ACTIVITY
DEVELOPMENT
OIL PRICES
COSTS
VOTERS
OIL
AIR POLLUTION
CROWDING OUT
DEVELOPMENT ECONOMICS
WELFARE EFFECTS
POPULATION GROWTH
CORPORATE INCOME TAXES
RENT
CAPITAL FORMATION
FIXED COSTS
EXCHANGE RATES
PRODUCTIVITY
OPTIONS
LABOR PRODUCTIVITY
EXTERNALITIES
INDUSTRIALIZATION
INCREASING RETURNS
DEMOCRATIC INSTITUTIONS
MARKET MECHANISM
DEBT
MARKETS
POLLUTION
ECONOMIC POLICIES
ENVIRONMENTAL ECONOMICS
NATURAL RESOURCES
GROSS DOMESTIC PRODUCT
METALS
EFFICIENCY
FISHING
FOOD PRODUCTION
TAXES
CANCER
LAND USE
RESOURCES
UNEMPLOYMENT
EQUITY
PRODUCTIVITY GROWTH
HUMAN CAPITAL
OPPORTUNITY COST
ECONOMIC IMPACT
ECONOMIC PERFORMANCE
CAPITAL
WAGES
COMPLIANCE COSTS
VALUE
POLICY MAKERS
AIR POLLUTION CONTROL
ENVIRONMENTAL IMPACTS
PURCHASING POWER
COMPARATIVE ADVANTAGES
DEMAND
MINES
AGGREGATE DEMAND
PUBLIC EXPENDITURES
ECONOMY
ENVIRONMENTS
EXPENDITURES
PROPERTY
CORPORATE TAXES
GROWTH MODELS
MEASUREMENT
ENVIRONMENT
SOIL DEGRADATION
ECONOMICS
ECONOMIC MODELS
TERMS OF TRADE
TAX REVENUE
SIDE EFFECTS
ECONOMIC DEVELOPMENT
TRADE
GDP
GOODS
LAND
ECONOMIES OF SCALE
INVESTMENT
COMPARATIVE ADVANTAGE
POSITIVE EXTERNALITIES
COAL
WATER POLLUTION
DECENTRALIZATION
REVENUE
POLLUTION CONTROL
OVERVALUATION
EMPIRICAL EVIDENCE
LIVING CONDITIONS
ECONOMISTS
PRICE INDEXES
PROFITS
ENVIRONMENTAL
ACID RAIN
LABOR MARKETS
OUTCOMES
OPEN ECONOMIES
PUBLIC GOOD
PRICES
NEGATIVE EXTERNALITIES
BENEFITS
ECONOMIES
DEVELOPMENT POLICY
PUBLIC GOODS
FUTURE RESEARCH
MONETARY POLICY
ENVIRONMENTAL QUALITY
INTERGENERATIONAL EQUITY
ECONOMIC GROWTH
TECHNOLOGICAL PROGRESS
PRODUCTION
ENVIRONMENTAL PROTECTION
MULTIPLIERS
AIR QUALITY
PERVERSE INCENTIVES
CARBON
INCOME
ECONOMIC WELFARE
AGRICULTURAL PRODUCTION
NITROGEN OXIDES
PRODUCERS
PROPERTY RIGHTS
HEAVY METALS
MACROECONOMIC POLICY
LABOR FORCE
LIQUIDITY
EXPORTS
EMISSIONS
POLITICAL ECONOMY
REVENUES
WELFARE
ENVIRONMENTAL REGULATIONS
ECONOMIC EFFECTS
INCENTIVES
EQUILIBRIUM
VARIABLES
TAX SYSTEMS
MODELS
EMPIRICAL STUDIES
REAL INCOME
INPUTS
REAL WAGES
RETURNS TO SCALE
WEALTH
INPUT PRICES
AGRICULTURAL OUTPUT
DEVELOPED COUNTRIES
SOCIOECONOMIC IMPACTS
INCREASING RETURNS TO SCALE
EMPIRICAL ANALYSIS
ECONOMIC ACTIVITY
DEVELOPMENT
OIL PRICES
COSTS
VOTERS
OIL
AIR POLLUTION
CROWDING OUT
DEVELOPMENT ECONOMICS
WELFARE EFFECTS
POPULATION GROWTH
CORPORATE INCOME TAXES
RENT
CAPITAL FORMATION
FIXED COSTS
EXCHANGE RATES
PRODUCTIVITY
OPTIONS
LABOR PRODUCTIVITY
EXTERNALITIES
INDUSTRIALIZATION
INCREASING RETURNS
DEMOCRATIC INSTITUTIONS
MARKET MECHANISM
DEBT
MARKETS
POLLUTION
ECONOMIC POLICIES
ENVIRONMENTAL ECONOMICS
NATURAL RESOURCES
GROSS DOMESTIC PRODUCT
METALS
EFFICIENCY
FISHING
FOOD PRODUCTION
TAXES
CANCER
LAND USE
RESOURCES
UNEMPLOYMENT
EQUITY
PRODUCTIVITY GROWTH
HUMAN CAPITAL
OPPORTUNITY COST
ECONOMIC IMPACT
ECONOMIC PERFORMANCE
CAPITAL
WAGES
COMPLIANCE COSTS
VALUE
POLICY MAKERS
AIR POLLUTION CONTROL
ENVIRONMENTAL IMPACTS
PURCHASING POWER
COMPARATIVE ADVANTAGES
DEMAND
MINES
AGGREGATE DEMAND
PUBLIC EXPENDITURES
ECONOMY
ENVIRONMENTS
EXPENDITURES
PROPERTY
CORPORATE TAXES
GROWTH MODELS
MEASUREMENT
ENVIRONMENT
SOIL DEGRADATION
ECONOMICS
ECONOMIC MODELS
TERMS OF TRADE
TAX REVENUE
SIDE EFFECTS
ECONOMIC DEVELOPMENT
TRADE
GDP
GOODS
LAND
ECONOMIES OF SCALE
INVESTMENT
COMPARATIVE ADVANTAGE
POSITIVE EXTERNALITIES
COAL
WATER POLLUTION
DECENTRALIZATION
REVENUE
POLLUTION CONTROL
OVERVALUATION
EMPIRICAL EVIDENCE
LIVING CONDITIONS
ECONOMISTS
PRICE INDEXES
PROFITS
ENVIRONMENTAL
ACID RAIN
LABOR MARKETS
OUTCOMES
OPEN ECONOMIES
PUBLIC GOOD
PRICES
NEGATIVE EXTERNALITIES
BENEFITS
ECONOMIES
DEVELOPMENT POLICY
PUBLIC GOODS
FUTURE RESEARCH
spellingShingle MONETARY POLICY
ENVIRONMENTAL QUALITY
INTERGENERATIONAL EQUITY
ECONOMIC GROWTH
TECHNOLOGICAL PROGRESS
PRODUCTION
ENVIRONMENTAL PROTECTION
MULTIPLIERS
AIR QUALITY
PERVERSE INCENTIVES
CARBON
INCOME
ECONOMIC WELFARE
AGRICULTURAL PRODUCTION
NITROGEN OXIDES
PRODUCERS
PROPERTY RIGHTS
HEAVY METALS
MACROECONOMIC POLICY
LABOR FORCE
LIQUIDITY
EXPORTS
EMISSIONS
POLITICAL ECONOMY
REVENUES
WELFARE
ENVIRONMENTAL REGULATIONS
ECONOMIC EFFECTS
INCENTIVES
EQUILIBRIUM
VARIABLES
TAX SYSTEMS
MODELS
EMPIRICAL STUDIES
REAL INCOME
INPUTS
REAL WAGES
RETURNS TO SCALE
WEALTH
INPUT PRICES
AGRICULTURAL OUTPUT
DEVELOPED COUNTRIES
SOCIOECONOMIC IMPACTS
INCREASING RETURNS TO SCALE
EMPIRICAL ANALYSIS
ECONOMIC ACTIVITY
DEVELOPMENT
OIL PRICES
COSTS
VOTERS
OIL
AIR POLLUTION
CROWDING OUT
DEVELOPMENT ECONOMICS
WELFARE EFFECTS
POPULATION GROWTH
CORPORATE INCOME TAXES
RENT
CAPITAL FORMATION
FIXED COSTS
EXCHANGE RATES
PRODUCTIVITY
OPTIONS
LABOR PRODUCTIVITY
EXTERNALITIES
INDUSTRIALIZATION
INCREASING RETURNS
DEMOCRATIC INSTITUTIONS
MARKET MECHANISM
DEBT
MARKETS
POLLUTION
ECONOMIC POLICIES
ENVIRONMENTAL ECONOMICS
NATURAL RESOURCES
GROSS DOMESTIC PRODUCT
METALS
EFFICIENCY
FISHING
FOOD PRODUCTION
TAXES
CANCER
LAND USE
RESOURCES
UNEMPLOYMENT
EQUITY
PRODUCTIVITY GROWTH
HUMAN CAPITAL
OPPORTUNITY COST
ECONOMIC IMPACT
ECONOMIC PERFORMANCE
CAPITAL
WAGES
COMPLIANCE COSTS
VALUE
POLICY MAKERS
AIR POLLUTION CONTROL
ENVIRONMENTAL IMPACTS
PURCHASING POWER
COMPARATIVE ADVANTAGES
DEMAND
MINES
AGGREGATE DEMAND
PUBLIC EXPENDITURES
ECONOMY
ENVIRONMENTS
EXPENDITURES
PROPERTY
CORPORATE TAXES
GROWTH MODELS
MEASUREMENT
ENVIRONMENT
SOIL DEGRADATION
ECONOMICS
ECONOMIC MODELS
TERMS OF TRADE
TAX REVENUE
SIDE EFFECTS
ECONOMIC DEVELOPMENT
TRADE
GDP
GOODS
LAND
ECONOMIES OF SCALE
INVESTMENT
COMPARATIVE ADVANTAGE
POSITIVE EXTERNALITIES
COAL
WATER POLLUTION
DECENTRALIZATION
REVENUE
POLLUTION CONTROL
OVERVALUATION
EMPIRICAL EVIDENCE
LIVING CONDITIONS
ECONOMISTS
PRICE INDEXES
PROFITS
ENVIRONMENTAL
ACID RAIN
LABOR MARKETS
OUTCOMES
OPEN ECONOMIES
PUBLIC GOOD
PRICES
NEGATIVE EXTERNALITIES
BENEFITS
ECONOMIES
DEVELOPMENT POLICY
PUBLIC GOODS
FUTURE RESEARCH
MONETARY POLICY
ENVIRONMENTAL QUALITY
INTERGENERATIONAL EQUITY
ECONOMIC GROWTH
TECHNOLOGICAL PROGRESS
PRODUCTION
ENVIRONMENTAL PROTECTION
MULTIPLIERS
AIR QUALITY
PERVERSE INCENTIVES
CARBON
INCOME
ECONOMIC WELFARE
AGRICULTURAL PRODUCTION
NITROGEN OXIDES
PRODUCERS
PROPERTY RIGHTS
HEAVY METALS
MACROECONOMIC POLICY
LABOR FORCE
LIQUIDITY
EXPORTS
EMISSIONS
POLITICAL ECONOMY
REVENUES
WELFARE
ENVIRONMENTAL REGULATIONS
ECONOMIC EFFECTS
INCENTIVES
EQUILIBRIUM
VARIABLES
TAX SYSTEMS
MODELS
EMPIRICAL STUDIES
REAL INCOME
INPUTS
REAL WAGES
RETURNS TO SCALE
WEALTH
INPUT PRICES
AGRICULTURAL OUTPUT
DEVELOPED COUNTRIES
SOCIOECONOMIC IMPACTS
INCREASING RETURNS TO SCALE
EMPIRICAL ANALYSIS
ECONOMIC ACTIVITY
DEVELOPMENT
OIL PRICES
COSTS
VOTERS
OIL
AIR POLLUTION
CROWDING OUT
DEVELOPMENT ECONOMICS
WELFARE EFFECTS
POPULATION GROWTH
CORPORATE INCOME TAXES
RENT
CAPITAL FORMATION
FIXED COSTS
EXCHANGE RATES
PRODUCTIVITY
OPTIONS
LABOR PRODUCTIVITY
EXTERNALITIES
INDUSTRIALIZATION
INCREASING RETURNS
DEMOCRATIC INSTITUTIONS
MARKET MECHANISM
DEBT
MARKETS
POLLUTION
ECONOMIC POLICIES
ENVIRONMENTAL ECONOMICS
NATURAL RESOURCES
GROSS DOMESTIC PRODUCT
METALS
EFFICIENCY
FISHING
FOOD PRODUCTION
TAXES
CANCER
LAND USE
RESOURCES
UNEMPLOYMENT
EQUITY
PRODUCTIVITY GROWTH
HUMAN CAPITAL
OPPORTUNITY COST
ECONOMIC IMPACT
ECONOMIC PERFORMANCE
CAPITAL
WAGES
COMPLIANCE COSTS
VALUE
POLICY MAKERS
AIR POLLUTION CONTROL
ENVIRONMENTAL IMPACTS
PURCHASING POWER
COMPARATIVE ADVANTAGES
DEMAND
MINES
AGGREGATE DEMAND
PUBLIC EXPENDITURES
ECONOMY
ENVIRONMENTS
EXPENDITURES
PROPERTY
CORPORATE TAXES
GROWTH MODELS
MEASUREMENT
ENVIRONMENT
SOIL DEGRADATION
ECONOMICS
ECONOMIC MODELS
TERMS OF TRADE
TAX REVENUE
SIDE EFFECTS
ECONOMIC DEVELOPMENT
TRADE
GDP
GOODS
LAND
ECONOMIES OF SCALE
INVESTMENT
COMPARATIVE ADVANTAGE
POSITIVE EXTERNALITIES
COAL
WATER POLLUTION
DECENTRALIZATION
REVENUE
POLLUTION CONTROL
OVERVALUATION
EMPIRICAL EVIDENCE
LIVING CONDITIONS
ECONOMISTS
PRICE INDEXES
PROFITS
ENVIRONMENTAL
ACID RAIN
LABOR MARKETS
OUTCOMES
OPEN ECONOMIES
PUBLIC GOOD
PRICES
NEGATIVE EXTERNALITIES
BENEFITS
ECONOMIES
DEVELOPMENT POLICY
PUBLIC GOODS
FUTURE RESEARCH
Aragona, Fernando M.
Chuhan-Pole, Punam
Land, Bryan Christopher
The Local Economic Impacts of Resource Abundance
description What are the socioeconomic impacts of resource abundance? Are these effects different at the national and local levels? How could resource booms benefit (or harm) local communities? This paper reviews a vast literature examining these questions, with an emphasis on empirical works. First, the evidence and theoretical arguments behind the so-called resource curse, and other impacts at the country level, are reviewed. This cross-country literature highlights the importance of institutions. Then, a simple analytical framework is developed to understand how resource booms could impact local communities, and the available empirical evidence is examined. This emerging literature exploits within-country variation and is opening new ways to think about the relation between natural resources and economic development. The main message is that others factors, such as market mechanisms and local spillovers, are also relevant for understanding the impact of resource abundance. Finally, the paper discusses issues related to fiscal decentralization and provides ideas for future research.
format Working Paper
topic_facet MONETARY POLICY
ENVIRONMENTAL QUALITY
INTERGENERATIONAL EQUITY
ECONOMIC GROWTH
TECHNOLOGICAL PROGRESS
PRODUCTION
ENVIRONMENTAL PROTECTION
MULTIPLIERS
AIR QUALITY
PERVERSE INCENTIVES
CARBON
INCOME
ECONOMIC WELFARE
AGRICULTURAL PRODUCTION
NITROGEN OXIDES
PRODUCERS
PROPERTY RIGHTS
HEAVY METALS
MACROECONOMIC POLICY
LABOR FORCE
LIQUIDITY
EXPORTS
EMISSIONS
POLITICAL ECONOMY
REVENUES
WELFARE
ENVIRONMENTAL REGULATIONS
ECONOMIC EFFECTS
INCENTIVES
EQUILIBRIUM
VARIABLES
TAX SYSTEMS
MODELS
EMPIRICAL STUDIES
REAL INCOME
INPUTS
REAL WAGES
RETURNS TO SCALE
WEALTH
INPUT PRICES
AGRICULTURAL OUTPUT
DEVELOPED COUNTRIES
SOCIOECONOMIC IMPACTS
INCREASING RETURNS TO SCALE
EMPIRICAL ANALYSIS
ECONOMIC ACTIVITY
DEVELOPMENT
OIL PRICES
COSTS
VOTERS
OIL
AIR POLLUTION
CROWDING OUT
DEVELOPMENT ECONOMICS
WELFARE EFFECTS
POPULATION GROWTH
CORPORATE INCOME TAXES
RENT
CAPITAL FORMATION
FIXED COSTS
EXCHANGE RATES
PRODUCTIVITY
OPTIONS
LABOR PRODUCTIVITY
EXTERNALITIES
INDUSTRIALIZATION
INCREASING RETURNS
DEMOCRATIC INSTITUTIONS
MARKET MECHANISM
DEBT
MARKETS
POLLUTION
ECONOMIC POLICIES
ENVIRONMENTAL ECONOMICS
NATURAL RESOURCES
GROSS DOMESTIC PRODUCT
METALS
EFFICIENCY
FISHING
FOOD PRODUCTION
TAXES
CANCER
LAND USE
RESOURCES
UNEMPLOYMENT
EQUITY
PRODUCTIVITY GROWTH
HUMAN CAPITAL
OPPORTUNITY COST
ECONOMIC IMPACT
ECONOMIC PERFORMANCE
CAPITAL
WAGES
COMPLIANCE COSTS
VALUE
POLICY MAKERS
AIR POLLUTION CONTROL
ENVIRONMENTAL IMPACTS
PURCHASING POWER
COMPARATIVE ADVANTAGES
DEMAND
MINES
AGGREGATE DEMAND
PUBLIC EXPENDITURES
ECONOMY
ENVIRONMENTS
EXPENDITURES
PROPERTY
CORPORATE TAXES
GROWTH MODELS
MEASUREMENT
ENVIRONMENT
SOIL DEGRADATION
ECONOMICS
ECONOMIC MODELS
TERMS OF TRADE
TAX REVENUE
SIDE EFFECTS
ECONOMIC DEVELOPMENT
TRADE
GDP
GOODS
LAND
ECONOMIES OF SCALE
INVESTMENT
COMPARATIVE ADVANTAGE
POSITIVE EXTERNALITIES
COAL
WATER POLLUTION
DECENTRALIZATION
REVENUE
POLLUTION CONTROL
OVERVALUATION
EMPIRICAL EVIDENCE
LIVING CONDITIONS
ECONOMISTS
PRICE INDEXES
PROFITS
ENVIRONMENTAL
ACID RAIN
LABOR MARKETS
OUTCOMES
OPEN ECONOMIES
PUBLIC GOOD
PRICES
NEGATIVE EXTERNALITIES
BENEFITS
ECONOMIES
DEVELOPMENT POLICY
PUBLIC GOODS
FUTURE RESEARCH
author Aragona, Fernando M.
Chuhan-Pole, Punam
Land, Bryan Christopher
author_facet Aragona, Fernando M.
Chuhan-Pole, Punam
Land, Bryan Christopher
author_sort Aragona, Fernando M.
title The Local Economic Impacts of Resource Abundance
title_short The Local Economic Impacts of Resource Abundance
title_full The Local Economic Impacts of Resource Abundance
title_fullStr The Local Economic Impacts of Resource Abundance
title_full_unstemmed The Local Economic Impacts of Resource Abundance
title_sort local economic impacts of resource abundance
publisher World Bank, Washington, DC
publishDate 2015-05
url http://documents.worldbank.org/curated/en/2015/05/24472144/local-economic-impacts-resource-abundance-learned
https://hdl.handle.net/10986/21995
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