This 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...
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INFORMATION
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2022/08/30
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Document de travail de recherche sur les politiques
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WPS10154
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1
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2022/08/30
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Disclosed
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The Local Economic Effects of Natural Resources : Evidence from Ghana
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