New technologies combining hydraulic fracturing and horizontal drilling in oil and gas extraction are creating a sudden expansion of production. Residents of places where deep underground oil and gas deposits are found want to know about the broader economic, social, and environmental impacts of...

Many studies find that areas more dependent on natural resources grow more slowly – a relationship known as the resource curse. For counties in the south-central U.S., I find little evidence of an emerging curse from greater natural gas production in the 2000s. Each gas-related mining job...

This paper studies the impact of Yanacocha, a large gold mine in Peru, on the local population. Using annual household data from 1997 to 2006, we nd robust evidence of a positive effect of the mine's demand of local inputs on real income. The effect, an average income increase of 1.7% per 10%...

This paper uses the case of Yanacocha, a large gold mine in Peru, to examine the link between natural resources and local economic development. We find evidence of a positive and sizeable effect of the mine on real income, household consumption and poverty reduction. The effects are driven by...

Many oil exporters accumulate large sovereign wealth funds, though their portfolio allocation does not take into account below-ground assets, like oil. Similarly, the above-ground portfolio does not affect the decision to extract oil. This paper shows that subsoil oil wealth should change a...

Improvements in technology have made it profitable to tap unconventional gas reservoirs in relatively impermeable shale and sandstone deposits, which are spread throughout the U.S., mostly in rural areas. Proponents of gas drilling point to the activity's local economic benefits yet no empirical...

This paper examines the local economic impact of Yanacocha, a large gold mine in Northern Peru. Using annual household data from 1997 to 2006, we find evidence of a positive effect of the mine?s demand for local inputs on real income. The effects are only present in the supply market and...

Generosity is supposed to be a related deeper turning point. An equivalent type of statement may be referred to solidarity. Homo Sapiens, as a species, are distinguished clearly from other species by their socio-cultural nature, drawing on a deep inner universe of cultural meanings and values...

The content of this study comprises pluri /inter/ trans /co /cross-disciplinarily challenge and approaches and a consequent open invitation addressed to the worldwide scientific community to receive all these associable nuclei of knowledge (as entitled), to meditate/analyze, and to decide if the...

This paper and associated presentation explores the economic phenomenon of the so called ‘resource curse’. We begin by defining the phrase and outlining the main individual ‘curses’ and their causes to give the reader a broad understanding of what is meant by the phrase. This is followed...