The Local Economic Effects of Natural Resources : Evidence from Ghana
This paper estimates the welfare impacts of natural resources by analyzing Ghana’s offshore oil discovery and subsequent production. It finds substantial increases in real income, but no effect on consumption and poverty. The income effects are str...
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| Format: | Working Paper |
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099412508302241335/IDU09726fdc2002db049870bdfa0d326bfad4d4c http://hdl.handle.net/10986/37941 |
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okr-10986-379412022-09-01T05:10:38Z The Local Economic Effects of Natural Resources : Evidence from Ghana Ofori Adofo, Josephine Tarui, Nori Tanaka, Tomomi NATURAL RESOURCES LOCAL LABOR MARKETS JOBS POVERTY OFFSHORE OIL ECONOMIC IMPACTS OF OIL DISCOVERY CONSUMPTION AND POVERTY INEQUITY This paper estimates the welfare impacts of natural resources by analyzing Ghana’s offshore oil discovery and subsequent production. It finds substantial increases in real income, but no effect on consumption and poverty. The income effects are stronger for skilled workers. Estimates of the effects of oil discovery on employment show that employment in general increased by 4 percentage points. The positive employment effects are largely concentrated in non-oil local sectors: manufacturing and construction. The findings do not show significant impacts on employment in the agriculture and service sectors where a large proportion of individuals below the poverty line are engaged. This largely explains why the oil discovery had no effect on poverty reduction, as it benefited the non-poor rather than the poor. 2022-08-31T15:37:49Z 2022-08-31T15:37:49Z 2022-08 Working Paper http://documents.worldbank.org/curated/en/099412508302241335/IDU09726fdc2002db049870bdfa0d326bfad4d4c http://hdl.handle.net/10986/37941 English en Policy Research Working Papers;10154 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Policy Research Working Paper Publications & Research Africa Western and Central (AFW) Africa Ghana |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English English |
| topic |
NATURAL RESOURCES LOCAL LABOR MARKETS JOBS POVERTY OFFSHORE OIL ECONOMIC IMPACTS OF OIL DISCOVERY CONSUMPTION AND POVERTY INEQUITY |
| spellingShingle |
NATURAL RESOURCES LOCAL LABOR MARKETS JOBS POVERTY OFFSHORE OIL ECONOMIC IMPACTS OF OIL DISCOVERY CONSUMPTION AND POVERTY INEQUITY Ofori Adofo, Josephine Tarui, Nori Tanaka, Tomomi The Local Economic Effects of Natural Resources : Evidence from Ghana |
| geographic_facet |
Africa Western and Central (AFW) Africa Ghana |
| relation |
Policy Research Working Papers;10154 |
| description |
This paper estimates the welfare
impacts of natural resources by analyzing Ghana’s offshore
oil discovery and subsequent production. It finds
substantial increases in real income, but no effect on
consumption and poverty. The income effects are stronger for
skilled workers. Estimates of the effects of oil discovery
on employment show that employment in general increased by 4
percentage points. The positive employment effects are
largely concentrated in non-oil local sectors: manufacturing
and construction. The findings do not show significant
impacts on employment in the agriculture and service sectors
where a large proportion of individuals below the poverty
line are engaged. This largely explains why the oil
discovery had no effect on poverty reduction, as it
benefited the non-poor rather than the poor. |
| format |
Working Paper |
| author |
Ofori Adofo, Josephine Tarui, Nori Tanaka, Tomomi |
| author_facet |
Ofori Adofo, Josephine Tarui, Nori Tanaka, Tomomi |
| author_sort |
Ofori Adofo, Josephine |
| title |
The Local Economic Effects of Natural Resources : Evidence from Ghana |
| title_short |
The Local Economic Effects of Natural Resources : Evidence from Ghana |
| title_full |
The Local Economic Effects of Natural Resources : Evidence from Ghana |
| title_fullStr |
The Local Economic Effects of Natural Resources : Evidence from Ghana |
| title_full_unstemmed |
The Local Economic Effects of Natural Resources : Evidence from Ghana |
| title_sort |
local economic effects of natural resources : evidence from ghana |
| publisher |
World Bank, Washington, DC |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099412508302241335/IDU09726fdc2002db049870bdfa0d326bfad4d4c http://hdl.handle.net/10986/37941 |
| _version_ |
1764488170334846976 |