The Local Economic Impacts Of Natural Resource Extraction
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The Local Economic Impacts Of Natural Resource Extraction
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Author : James Cust
language : en
Publisher:
Release Date : 2015
The Local Economic Impacts Of Natural Resource Extraction written by James Cust and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
Whether it is fair to characterize natural resource wealth as a curse is still debated. Most of the evidence derives from cross-country analyses, providing cases both for and against a potential resource curse. Scholars are increasingly turning to within-country evidence to deepen our understanding of the potential drivers, and outcomes, of resource wealth effects. Moving away from cross-country studies offers new perspectives on the resource curse debate and can help overcome concerns regarding endogeneity. Therefore, scholars are leveraging datasets that provide greater disaggregation of economic responses and exogenous identification of impacts. This article surveys the literature on these studies of local and regional effects of natural resource extraction. We discuss data availability and quality, recent advances in methodological tools, and the main findings of several research areas. These areas include the direct impact of natural resource production on local labor markets and welfare, the effects of government spending channels resulting from mining revenue, and regional spillovers. Finally, we take stock of the state of the literature and provide suggestions for future research.
Natural Resource Extraction And Indigenous Livelihoods
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Author : Emma Gilberthorpe
language : en
Publisher: Routledge
Release Date : 2016-04-22
Natural Resource Extraction And Indigenous Livelihoods written by Emma Gilberthorpe and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-22 with Social Science categories.
This book provides an extended analysis of how resource extraction projects stimulate social, cultural and economic change in indigenous communities. Through a range of case studies, including open cast mining, artisanal mining, logging, deforestation, oil extraction and industrial fishing, the contributors explore the challenges highlighted in global debates on sustainability, Corporate Social Responsibility (CSR), and climate change. The case studies are used to assess whether and how development processes might compete and conflict with the market objectives of multinational corporations and the organizational and moral principles of indigenous communities. Emphasizing the perspectives of directly-affected parties, the authors identify common patterns in the way in which extraction projects are conceptualized, implemented and perceived. The book provides a deeper understanding of the dynamics of the human environments where resource extraction takes place and its consequent impacts on local livelihoods. Its in-depth case studies underscore the need for increased social accountability in the planning and development of natural resource extraction projects.
Winning The Oil Lottery
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Author : Mr.Tiago Cavalcanti
language : en
Publisher: International Monetary Fund
Release Date : 2016-03-14
Winning The Oil Lottery written by Mr.Tiago Cavalcanti and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-14 with Business & Economics categories.
This paper provides evidence of the causal impact of oil discoveries on development. Novel data on the drilling of 20,000 oil wells in Brazil allows us to exploit a quasi-experiment: Municipalities where oil was discovered constitute the treatment group, while municipalities with drilling but no discovery are the control group. The results show that oil discoveries significantly increase per capita GDP and urbanization. We find positive spillovers to non-oil sectors, specifically, an increase in services GDP which stems from higher output per worker. The results are consistent with greater local demand for non-tradable services driven by highly paid oil workers.
Resource Boom To Revitalization
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Author : Austin Zwick
language : en
Publisher:
Release Date : 2018
Resource Boom To Revitalization written by Austin Zwick and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Small cities in Appalachia have been battling an ongoing struggle against economic decline for decades, but now some find themselves amidst a new natural resource boom. The technological innovation of hydraulic fracturing drilling, commonly known as 'fracking', has revolutionized global energy markets overnight, leaving a gap of understanding about its local implications in the process. Most early research focused on documenting the environmental risks of fracking, but little work has gone into understanding its local economic and planning impacts. Promises of economic growth and blue-collar jobs give hope to this declining region, but resource extraction municipalities often struggle with inadequate fiscal and administrative capacity to deal with the environmental and infrastructure externalities caused by the industry. As municipalities grapple with these challenges, the 'boom-bust cycle' may become reflected on their balance sheets, putting their fiscal health at risk. What are the local economic planning and governance implications of the fracking boom in Northern Appalachia? Additionally, because of the newness of fracking, this specific industry in this specific region offers a rare opportunity to study the impact the introduction of natural resource development impacts local economic resilience. My doctoral dissertation offers a unique theoretical contribution, as tension in literature exists on whether contemporary extractions industries positively or negatively impact diversification. It also offers a practical contribution, considering that little research exists on job estimates and governance issues that arise with fracking. Each chapter of this dissertation, intended to be independent academic works with their own literature reviews and methods, contributes to our understanding through: (Chapter 1) introducing the geography of the region, (Chapter 2) overviewing the economic history of Northern Appalachia; (Chapter 3) testing changes in economic diversity indices; (Chapter 4) investigating migration, housing, and employment patterns; and (Chapter 5) surveying local planners about regulatory responses. Finally, my dissertation concludes with a review of findings and a brief set of policy recommendations. The goal of this research is to provide information that helps small cities best plan and manage the fracking boom; finding that the industry is not dramatically altering patterns of long-term decline in Appalachia.
Micro Economic Linkages Between Economic Development And Local Natural Resource Use
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Author : Dale Thomas Manning
language : en
Publisher:
Release Date : 2013
Micro Economic Linkages Between Economic Development And Local Natural Resource Use written by Dale Thomas Manning and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Traditionally, natural resource economists have examined resource use in isolation of the economy of which it is part. In this thesis, I show theoretically and empirically how natural resource exploitation decisions are linked to other economic sectors in developing countries. These linkages open new possibilities for managing the amount of effort allocated to an open access or common property resource sector. I show theoretically how imperfectly integrated rural households are connected through the use of a common property resource. As the amount of labor in a village economy increases, Nash behavior converges to atomistic competition and the average value of labor in the resource sector equals its marginal value in other sectors. Resource rents dissipate as the number of users increases and resource stocks decrease.In a context of many natural resource users, increasing returns in other sectors (e.g., agriculture) increases economy-wide demand for labor, puts upward pressure on economy wages, and decreases the use of natural resource. Less use allows resource stocks to recover in the long-run. At the same time, increases in income can increase demand for the resource and mitigate or undo improvements in resource stocks. In a Honduran example, I show that higher agricultural prices pull local labor out of an open access fishery. Higher returns in the fishery draw in more labor from outside the local economy and push fish stocks down towards their previous levels. This analysis reveals the potential for improvement by creating a restricted-access commons instead of a pure open access resource sector Chapters 2 and 3 explore household labor allocation decisions to investigate if migration and agricultural productivity influence the use of a local, open access resource in rural Mexico. Having a migrant in the United States increases the probability that a household invests in a gas stove and conditional on this investment, households with a migrant spend fewer days collecting firewood and spend more money on gas for cooking. In addition, agricultural households with higher agricultural productivity and marginal values of labor on the farm spend fewer days collecting firewood and purchase more gas. This occurs as the marginal value of labor on the farm represents the opportunity cost of time allocated to resource extraction.This thesis shows that natural resource exploitation decisions do not happen in isolation. This has implications for understanding the impact of development on natural resource stocks and provides a new toolkit for managing the amount of effort allocated to resource extraction. Even while resource rents remain dissipated, changes in non-resource sectors have the potential to influence resource extraction and the natural capital of a developing community. Altering users' opportunity costs can be used in concert with traditional natural resource management policies to increase the effectiveness of resource management in developing countries.
Natural Resources And Economic Development
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Author : Edward B. Barbier
language : en
Publisher: Cambridge University Press
Release Date : 2019-09-19
Natural Resources And Economic Development written by Edward B. Barbier and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-19 with Business & Economics categories.
The second edition of this landmark book explores how natural resources contribute to development in poor economies.
Oecd Green Growth Studies Material Resources Productivity And The Environment
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2015-02-12
Oecd Green Growth Studies Material Resources Productivity And The Environment written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-12 with categories.
This book provides a factual analysis of material flows and resource productivity in OECD countries in a global context.
The Effects Of Natural Resource Extraction On Household Expenditure Patterns
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Author : Odmaa Narantungalag
language : en
Publisher:
Release Date : 2022
The Effects Of Natural Resource Extraction On Household Expenditure Patterns written by Odmaa Narantungalag and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
This paper investigates the economic impacts of the mining sector on household expenditures. Employing the difference-in-differences model and the Mongolia Household Socio-Economic Survey data from 2008 to 2016, I find that the mining activities benefited local residents. Specifically, mining activities increase household expenditures on food, health, and electricity, respectively, while households reduce their expenditures on education and other non-food items. Interestingly, illness did not increase in the resource-producing region, while educational attainment improved. The findings highlight that the positive impacts of the mining sector are likely to be higher than what is determined by traditional welfare measurements of income and consumption. I provide some anecdotal evidence that the changes in household expenditure patterns can be due to increased availability of health care services and educational facilities in the mining region.
The Economics Of Natural Resource Use
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Author : John M. Hartwick
language : en
Publisher: HarperCollins Publishers
Release Date : 1986
The Economics Of Natural Resource Use written by John M. Hartwick and has been published by HarperCollins Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Nature categories.
This text is an examination of the economics of using natural resources in the modern economy. Presenting economic concepts essential to examining how resources can be sustained, extracted and harvested extensive use is made of diagrams and accompanying algebraic models.
Local Communities And The Mining Industry
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Author : Nicolas D. Brunet
language : en
Publisher: Taylor & Francis
Release Date : 2023-04-27
Local Communities And The Mining Industry written by Nicolas D. Brunet and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-27 with Business & Economics categories.
This book explores the challenges and opportunities at the intersection of the global mining sector and local communities by focusing on a number of international cases drawn from various locations in Canada, the Philippines, and Scandinavia. Mining’s contribution to economic development varies greatly across countries. In some, it has been a major engine of development, but in others, disputes have erupted over land use, property rights, environmental damage, and revenue sharing. Corporate social responsibility programs are increasingly relied upon to manage company-community relations, yet conflicts persist in many settings, with significant costs for companies and communities. Exploring the many factors and drivers that characterize relationships among different actors within the sector, the volume contributes towards the development of practical wisdom, collective understanding, common sense, and prudence required for the mining sector and community partners to realize the economic potential and social and environmental responsibilities of non-renewable resource development. The book examines case studies from Canada, Scandinavia, and the Philippines, three regions amongst the world's top countries of mining operations. Drawing on their extensive experience in these regions, the contributors explore distinctive mining sectors in the Global North and South, the variation surrounding different types of extractive industries, and at different scales, and the legal processes in place to protect local communities. Key themes include corporate social responsibility, impact assessment, foreign ownership, Indigenous Peoples, gender, local insurgency, and mining disasters as well as climate change. The book identifies areas of future research and pathways to achieving stronger, respectful, and mutually beneficial relationships at the nexus of global mineral extraction and local communities. This book will be of great interest to students and scholars of the extractive industries, natural resource management, sustainable business and corporate social responsibility, Indigenous studies, and sustainable planning and development.