Winning the Oil Lottery is popular PDF and ePub book, written by Mr.Tiago Cavalcanti in 2016-03-14, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Winning the Oil Lottery can be Read Online from any device for your convenience.
Winning the Oil Lottery Book PDF Summary
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.
Detail Book of Winning the Oil Lottery PDF
- Author : Mr.Tiago Cavalcanti
- Release : 14 March 2016
- Publisher : International Monetary Fund
- ISBN : 9781513587752
- Genre : Business & Economics
- Total Page : 34 pages
- Language : English
- PDF File Size : 18,8 Mb
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