『Abstract
Research consistently shows that natural resource dependence
tends to be associated with lower economic growth. however, the
studies typically focus on differences across nations or states.
We fill a gap in the literature by testing the so-called resource
curse at a more disaggregated county level. Our results show clear
evidence that resource-dependent counties exhibit more anemic
economic growth, even after controlling for state-specific effects,
socio-demographic differences, initial income, and spatial correlation.
A case study analysis of Maine and Wyoming, and the counties within,
highlight the growth effects of specializing in natural resource
extraction.
Keywords: natural resource curse; economic growth; convergence』
1. Introduction
2. Data and econometric model
3. Theories of the resource curse and justification for the covariates
4. Discussion of the econometric results
5. A brief case study: Maine and Wyoming
6. Conclusion
References
Data appendix