IMF paper examines effect of ‘winning the oil lottery’

An oil well
Data on 20,000 oil wells was used

Oil discoveries "significantly increase" gross domestic profit per capita and urbanisation in the local economy, according to a working paper published by the International Monetary Fund.

In Winning the Oil Lottery: The Impact of Natural Resource Extraction on Growth, Tiago Cavalcanti, Daniel Da Mata and Frederik Toscani use data on 20,000 oil wells in Brazil to compare the evolution of municipalities where the resource was discovered with those where it was not.

In addition to the core finding

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: