Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/196842
Authors: 
Hartwell, Christopher
Horváth, Roman
Horvathova, Eva
Popova, Olga
Year of Publication: 
2019
Series/Report no.: 
IOS Working Papers No. 381
Abstract: 
We examine the causal effect of natural resource discoveries on income inequality using the synthetic control method on data from 1947 to 2009. We focus on the natural discoveries in Denmark, Netherlands and Norway in the 1960-1970s and use top 1% and top 10% income share as the measure of income inequality. Many previous studies have been concerned that natural resources may increase income inequality. To the contrary, our results suggest that natural resources decrease income inequality or have no effect. We attribute this effect to the high institutional quality of countries we examine.
Subjects: 
natural resources
income inequality
synthetic control method
JEL: 
D31
O13
O15
Q33
Document Type: 
Working Paper

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