The Economic Aftermath of Resource Booms: Evidence from Boomtowns in the American West

  title={The Economic Aftermath of Resource Booms: Evidence from Boomtowns in the American West},
  author={Grant D. Jacobsen and Dominic P. Parker},
  journal={Agricultural \& Natural Resource Economics eJournal},
The current US oil and gas boom is injecting labour, capital and revenue into communities near reserves. Will these communities be cursed with lower long‐run incomes in the wake of the boom? We study the oil boom‐and‐bust cycle of the 1970s and 1980s to gain insights. Using annual data on drilling to identify western boom‐and‐bust counties, we find substantial positive local employment and income effects during the boom. In the aftermath of the bust, however, we find that incomes per capita… 
Impact of oil booms and busts on human capital investment in the USA
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We provide the first estimates of the long-run income effects of temporary resource booms on people, rather than places, focusing on the U.S. oil boom and bust of the 1980s. Using household-level
Dutch Disease and the Oil Boom and Bust
  • Brock Smith
  • Economics
    Canadian Journal of Economics/Revue canadienne d'économique
  • 2019
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