Does Oil Dependence Affect Regional Wealth? A Regional Study for the Municipalities of the State of Rio de Janeiro

<p>The aim of this study is to analyze the regional effects of oil royalty dependence on the local economic development of municipalities of the Rio de Janeiro state. To do so, we used spatial econometric models to estimate the local and spillover effects of royalty dependence on the economic...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Felipe de Sá Tavares, Alexandre Almeida, Fernando Postali
Formato:	article
Lenguaje:	EN
Publicado:	EconJournals 2021
Materias:	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5
Acceso en línea:	https://doaj.org/article/9fb556d5a13947a2b7dfa927424f9fe6
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:9fb556d5a13947a2b7dfa927424f9fe6
record_format	dspace
spelling	oai:doaj.org-article:9fb556d5a13947a2b7dfa927424f9fe62021-11-12T07:27:31ZDoes Oil Dependence Affect Regional Wealth? A Regional Study for the Municipalities of the State of Rio de Janeiro2146-4553https://doaj.org/article/9fb556d5a13947a2b7dfa927424f9fe62021-11-01T00:00:00Zhttps://econjournals.com/index.php/ijeep/article/view/11737https://doaj.org/toc/2146-4553<p>The aim of this study is to analyze the regional effects of oil royalty dependence on the local economic development of municipalities of the Rio de Janeiro state. To do so, we used spatial econometric models to estimate the local and spillover effects of royalty dependence on the economic local product. The main results were derived based on the Spatial Autoregressive Combined model (SAC) estimated by Generalized Moments (GM). The study’s contribution is to address the natural resource curse debate through its regional perspective by estimating the direct, spillover, and total effects of oil royalty dependence on economic product, which is a groundbreaking approach for the natural resource curse debate. The results show that both the direct and spillover effects are negative and significant, indicating that there is evidence of the presence of a regional natural resource curse in the municipalities of the Rio de Janeiro state.</p><p><strong>Keywords: </strong>Spatial Econometrics; Natural Resource Curse; Econometrics; Spillover effects; Spatial Panel Data Models; Method of Generalized Moments</p><p><strong>JEL Classifications: </strong>C33, E69, N56.<strong></strong></p><p>DOI: <a href="https://doi.org/10.32479/ijeep.11737">https://doi.org/10.32479/ijeep.11737</a></p>Felipe de Sá TavaresAlexandre AlmeidaFernando PostaliEconJournalsarticleEnvironmental sciencesGE1-350Energy industries. Energy policy. Fuel tradeHD9502-9502.5ENInternational Journal of Energy Economics and Policy, Vol 11, Iss 6, Pp 381-391 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5
spellingShingle	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5 Felipe de Sá Tavares Alexandre Almeida Fernando Postali Does Oil Dependence Affect Regional Wealth? A Regional Study for the Municipalities of the State of Rio de Janeiro
description	<p>The aim of this study is to analyze the regional effects of oil royalty dependence on the local economic development of municipalities of the Rio de Janeiro state. To do so, we used spatial econometric models to estimate the local and spillover effects of royalty dependence on the economic local product. The main results were derived based on the Spatial Autoregressive Combined model (SAC) estimated by Generalized Moments (GM). The study’s contribution is to address the natural resource curse debate through its regional perspective by estimating the direct, spillover, and total effects of oil royalty dependence on economic product, which is a groundbreaking approach for the natural resource curse debate. The results show that both the direct and spillover effects are negative and significant, indicating that there is evidence of the presence of a regional natural resource curse in the municipalities of the Rio de Janeiro state.</p><p><strong>Keywords: </strong>Spatial Econometrics; Natural Resource Curse; Econometrics; Spillover effects; Spatial Panel Data Models; Method of Generalized Moments</p><p><strong>JEL Classifications: </strong>C33, E69, N56.<strong></strong></p><p>DOI: <a href="https://doi.org/10.32479/ijeep.11737">https://doi.org/10.32479/ijeep.11737</a></p>
format	article
author	Felipe de Sá Tavares Alexandre Almeida Fernando Postali
author_facet	Felipe de Sá Tavares Alexandre Almeida Fernando Postali
author_sort	Felipe de Sá Tavares
title	Does Oil Dependence Affect Regional Wealth? A Regional Study for the Municipalities of the State of Rio de Janeiro
title_short	Does Oil Dependence Affect Regional Wealth? A Regional Study for the Municipalities of the State of Rio de Janeiro
title_full	Does Oil Dependence Affect Regional Wealth? A Regional Study for the Municipalities of the State of Rio de Janeiro
title_fullStr	Does Oil Dependence Affect Regional Wealth? A Regional Study for the Municipalities of the State of Rio de Janeiro
title_full_unstemmed	Does Oil Dependence Affect Regional Wealth? A Regional Study for the Municipalities of the State of Rio de Janeiro
title_sort	does oil dependence affect regional wealth? a regional study for the municipalities of the state of rio de janeiro
publisher	EconJournals
publishDate	2021
url	https://doaj.org/article/9fb556d5a13947a2b7dfa927424f9fe6
work_keys_str_mv	AT felipedesatavares doesoildependenceaffectregionalwealtharegionalstudyforthemunicipalitiesofthestateofriodejaneiro AT alexandrealmeida doesoildependenceaffectregionalwealtharegionalstudyforthemunicipalitiesofthestateofriodejaneiro AT fernandopostali doesoildependenceaffectregionalwealtharegionalstudyforthemunicipalitiesofthestateofriodejaneiro
_version_	1718431125481717760

Does Oil Dependence Affect Regional Wealth? A Regional Study for the Municipalities of the State of Rio de Janeiro

Ejemplares similares