A regional resource curse? A synthetic-control approach to oil extraction in Basilicata, Italy

نویسندگان

چکیده

Basilicata is a region of Southern Italy where the expansion oil operations in 1990s was promoted as an opportunity to foster economic development. Flash-forward 2020, one poorest regions despite exploitation some largest onshore hydrocarbon reserves within European Union. The coincidence high poverty rates with abundant natural resources suggests that experiencing ‘resource curse’; however, socio-economic problems predate boom, complicating any causality claim. To disentangle and estimate effects exploitation, we employ synthetic control method compares actual trends development indicators counterfactual created by taking weighted average other Italian –a ‘synthetic’ Basilicata. analysis finds has generated no detectable improvement employment, nor range social indicators, educational attainment. absence quantifiable beneficial coupled negative impacts on dimensions are more difficult our –especially environment human health. Taken together evidence offers sobering prospect over potential resource-based for disadvantaged developed countries.

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ژورنال

عنوان ژورنال: Ecological Economics

سال: 2021

ISSN: ['0921-8009', '1873-6106']

DOI: https://doi.org/10.1016/j.ecolecon.2021.107041