The Local Economic Impacts of Resource Abundance : What Have We Learned?

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, wi...

Full description

Bibliographic Details
Main Authors:	Aragona, Fernando M., Chuhan-Pole, Punam, Land, Bryan Christopher
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
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 http://hdl.handle.net/10986/21995

id	okr-10986-21995
recordtype	oai_dc
spelling	okr-10986-219952021-04-23T14:04:06Z 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 http://documents.worldbank.org/curated/en/2015/05/24472144/local-economic-impacts-resource-abundance-learned http://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 World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
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
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 Aragona, Fernando M. Chuhan-Pole, Punam Land, Bryan Christopher The Local Economic Impacts of Resource Abundance : What Have We Learned?
geographic_facet	Africa
relation	Policy Research Working Paper;No. 7263
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
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 : What Have We Learned?
title_short	The Local Economic Impacts of Resource Abundance : What Have We Learned?
title_full	The Local Economic Impacts of Resource Abundance : What Have We Learned?
title_fullStr	The Local Economic Impacts of Resource Abundance : What Have We Learned?
title_full_unstemmed	The Local Economic Impacts of Resource Abundance : What Have We Learned?
title_sort	local economic impacts of resource abundance : what have we learned?
publisher	World Bank, Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/05/24472144/local-economic-impacts-resource-abundance-learned http://hdl.handle.net/10986/21995
_version_	1764449861842763776

The Local Economic Impacts of Resource Abundance : What Have We Learned?

Similar Items