Income Inequality and Oil Resources: Panel Evidence from the United States
Edmond Berisha (),
Matthew Clance () and
Rangan Gupta ()
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Edmond Berisha: Feliciano School of Business, Montclair State University, Montclair, NJ 07043, USA
No 2020103, Working Papers from University of Pretoria, Department of Economics
There has been little research examining income distributional consequences from resource abundance and dependency. Using panel evidence from the United States, we find contrasting non-monotonic outcomes from oil abundance in comparison to oil dependency. Oil abundance mitigates inequality within U.S. states. However, the diminishing impact on inequality tends to lessen with higher levels of oil production. The opposite holds true for oil dependency. The findings suggest that income inequality within U.S. states is more vulnerable to oil dependency.
Keywords: oil resources; income inequality; United States (search for similar items in EconPapers)
JEL-codes: D63 O13 O51 (search for similar items in EconPapers)
Pages: 21 pages
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Journal Article: Income inequality and oil resources: Panel evidence from the United States (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:pre:wpaper:2020103
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