The Long Term Consequences of Resource‐Based Specialisation
利用美国南部石油资源的地质差异，研究了资源型专业化对当地就业、人口、收入和基础设施的长期影响。
Using geological variation in oil abundance in the Southern US, I examine the long term effects of resource-based specialisation through economic channels. In 1890 oil abundant counties were similar to other nearby counties but after oil was discovered they began to specialise in its production. From 1940-90 oil abundance increased local employment per square kilometre especially in mining but also in manufacturing. Oil abundant counties had higher population growth, higher per capita income and better infrastructure. © 2010 The Author(s). The Economic Journal © 2010 Royal Economic Society.