Michaels, Guy 
ORCID: 0000-0002-8796-4536
(2011)
The long term consequences of resource-based specialisation.
The Economic Journal, 121 (551).
pp. 31-57.
ISSN 0013-0133
Abstract
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. © 2010 The Author(s). The Economic Journal © 2010 Royal Economic Society.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.blackwellpublishing.com/journal.asp?ref... |
| Additional Information: | © 2010 Royal Economic Society. |
| Divisions: | Economics Centre for Economic Performance |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD100 Land Use |
| JEL classification: | N - Economic History > N5 - Agriculture, Natural Resources, Environment, and Extractive Industries > N52 - U.S.; Canada: 1913- O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, and Changes |
| Date Deposited: | 01 Dec 2010 10:25 |
| Last Modified: | 23 Apr 2024 01:36 |
| URI: | http://eprints.lse.ac.uk/id/eprint/30120 |
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