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The local economic impacts of hydraulic fracturing and determinants of Dutch Disease

Maniloff, Peter
; 
Colorado School of Mines. Payne Institute for Public Policy
; 
Mastromonaco, Ralph
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2015-11
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https://hdl.handle.net/11124/14509
 https://doi.org/10.25676/11124/14509
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Abstract
Much research has been conducted on the resource curse, the idea that development of natural resources can reduce economic growth. There are a variety of reasons why an abundance of natural resources might reduce economic growth, including a phenomenon referred to as Dutch Disease where a boom in local resource production leads to increased costs for other sectors. A sudden end to the resource boom or when other sectors have a higher growth rate than the extractive sector are factors that can lead to lower economic growth.
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©2015 by the Payne Institute for Earth Resources. All rights reserved.
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