Hartwell, Christopher and Horvath, Roman and Horvathova, Eva and Popova, Olga (2022) Natural resources and income inequality in developed countries: synthetic control method evidence. EMPIRICAL ECONOMICS, 62 (2). pp. 297-338. ISSN 0377-7332, 1435-8921
Full text not available from this repository. (Request a copy)Abstract
We examine the causal effect of natural resource discoveries on income inequality using the synthetic control method on data from 1947 to 2009. We focus on the natural discoveries in Denmark, Netherlands, and Norway in the 1960-1970s and use top 1% and top 10% income share as the measure of income inequality. Many previous studies have been concerned that natural resources may increase income inequality. To the contrary, our results suggest that natural resources decrease income inequality or have no effect. We attribute this effect to the high institutional quality of countries we examine.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | FACTOR ENDOWMENTS; OIL; INSTITUTIONS; ABUNDANCE; BOOMS; CURSE; HISTORY; GAS; Natural resources; Income inequality; Synthetic control method; Developed countries |
| Subjects: | 300 Social sciences > 300 Social sciences 300 Social sciences > 330 Economics |
| Divisions: | Institute for East and Southeast European Studies (IESES) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 13 Sep 2022 09:56 |
| Last Modified: | 13 Sep 2022 09:56 |
| URI: | https://pred.uni-regensburg.de/id/eprint/48089 |
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