Does resource ownership matter? Oil and gas royalties and the income effect of extraction
We study how subsurface ownership shapes the income effects of oil and gas extraction. For the average US county with growth in extraction from 2000 to 2014, we find that royalty income and its multiplier effect accounted for 70% of the total income gain, with each royalty dollar generating an addit...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Chicago Press
2019
|
| Subjects: | |
| Online Access: | View Fulltext in Publisher |