Economic and Social Impacts of the Oil Industry on the Brazilian Onshore
João Maria Filgueira (),
Amaro Olimpio Pereira Júnior (),
Renato Araújo () and
Neilton Fidelis da Silva ()
Additional contact information
João Maria Filgueira: Energy Planning Program, Alberto Luiz Coimbra Institute for Graduate Studies and Engineering Research, Federal University of Rio de Janeiro (PPE/COPPE-UFRJ), Rio de Janeiro 21941-914, Brazil
Amaro Olimpio Pereira Júnior: Energy Planning Program, Alberto Luiz Coimbra Institute for Graduate Studies and Engineering Research, Federal University of Rio de Janeiro (PPE/COPPE-UFRJ), Rio de Janeiro 21941-914, Brazil
Neilton Fidelis da Silva: Federal Institute of Education, Science and Technology of Rio Grande do Norte (IFRN), Natal 59015-000, Brazil
Energies, 2020, vol. 13, issue 8, 1-18
Oil wealth can foster social inequality if not properly managed. This is due to the migration of production factors from different economic activities to the oil sector. As a result, unemployment, poverty, political instability, a reduction in development, among other undesirable effects on society, may arise. With that in mind, this research evaluates the government’s role in the socioeconomic development of the oil producing municipalities in Rio Grande do Norte State (RN), the largest onshore producer in Brazil. The research uses panel regression as it allows broad analyses of the space and time dimensions to be performed. In addition, it relies on statistical testing at all stages to make the research analysis more appropriate and consistent. The proposed model revealed better socioeconomic development indicators in municipalities where the local Government made public savings as reserve funds. Furthermore, the results show that appropriate public savings management allows municipal governments to design public policies to provide future generations with socioeconomic benefits, in line with the purpose of royalties.
Keywords: oil industry; oil royalties; municipal socioeconomic development; panel regression; intergenerational equity (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:13:y:2020:i:8:p:1922-:d:345328
Access Statistics for this article
Energies is currently edited by Prof. Dr. Enrico Sciubba
More articles in Energies from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().