The Local Economic Effects of Natural Resources

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dc.creatorOfori Adofo, Josephine
dc.creatorTarui, Nori
dc.creatorTanaka, Tomomi
dc.date2022-08-31T15:37:49Z
dc.date2022-08-31T15:37:49Z
dc.date2022-08
dc.date.accessioned2026-07-01T00:36:19Z
dc.descriptionThis paper estimates the welfare impacts of natural resources by analyzing Ghana’s offshore oil discovery and subsequent production. It finds substantial increases in real income, but no effect on consumption and poverty. The income effects are stronger for skilled workers. Estimates of the effects of oil discovery on employment show that employment in general increased by 4 percentage points. The positive employment effects are largely concentrated in non-oil local sectors: manufacturing and construction. The findings do not show significant impacts on employment in the agriculture and service sectors where a large proportion of individuals below the poverty line are engaged. This largely explains why the oil discovery had no effect on poverty reduction, as it benefited the non-poor rather than the poor.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/099412508302241335/IDU09726fdc2002db049870bdfa0d326bfad4d4c
dc.identifierhttps://hdl.handle.net/10986/37941
dc.identifierhttps://doi.org/10.1596/1813-9450-10154
dc.identifier.urihttp://hdl.handle.net/123456789/407153
dc.languageEnglish
dc.languageen
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Papers;10154
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectNATURAL RESOURCES
dc.subjectLOCAL LABOR MARKETS
dc.subjectJOBS
dc.subjectPOVERTY
dc.subjectOFFSHORE OIL
dc.subjectECONOMIC IMPACTS OF OIL DISCOVERY
dc.subjectCONSUMPTION AND POVERTY
dc.subjectINEQUITY
dc.titleThe Local Economic Effects of Natural Resources
dc.titleEvidence from Ghana
dc.typeWorking Paper
dc.typeDocument de travail
dc.typeDocumento de trabajo

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