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- W2808263449 abstract "This paper draws on a new state-level panel dataset and a model of domestic Dutch disease to examine the short-run and long-run effects of oil & natural gas, coal, and agricultural land endowments on state economies during 1936-2015. Using a flexible shift-share estimation approach, where the shift is national resource employment and the share is state resource endowment, we find that different resources had different short-run effects in different time periods, across increases and decreases in resource employment, and across different outcomes. Using long differences, we find that long-run population growth was an important margin of adjustment over 1936-2015. States with larger coal and agricultural endowments per square mile experienced significantly slower population growth than states with smaller endowments per square mile. Resource endowments had no effect on long-run growth in per capita income." @default.
- W2808263449 created "2018-06-21" @default.
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- W2808263449 date "2018-06-01" @default.
- W2808263449 modified "2023-10-16" @default.
- W2808263449 title "The Short-Run and Long-Run Effects of Resources on Economic Outcomes: Evidence From the United States 1936-2015" @default.
- W2808263449 doi "https://doi.org/10.3386/w24695" @default.
- W2808263449 hasPublicationYear "2018" @default.
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