Do Oil Windfalls Improve Living Standards? Evidence from Brazil
نویسندگان
چکیده
منابع مشابه
Asset Ownership, Windfalls, and Income: Evidence from Oil and Gas Royalties
The recent oil and gas production boom in the contiguous United States generated tens of billions in additional royalty income for owners of oil and gas rights. We use the royalty income shock to study the local multiplier effect of unanticipated income and find that each royalty dollar received by county residents created an additional $0.50 in local income, mostly through greater wage income....
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ژورنال
عنوان ژورنال: American Economic Journal: Applied Economics
سال: 2013
ISSN: 1945-7782,1945-7790
DOI: 10.1257/app.5.1.208