Dávila, Andrés O.; Fernandez Sierra, Manuel; Zuleta, … - 2021
, and quantify the effect of the resource boom on factor shares. For identification, we use a two-way fixed effects strategy … and a differential exposure design to instrument commodity prices. We find that a natural resource boom negatively impacts … suggest that the natural resource boom explains nearly 25.7 percent of the global decline of the total labor share during the …