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DOI	10.1016/j.enpol.2021.112603
	Income inequality and oil resources: Panel evidence from the United States
	Berisha E.; Chisadza C.; Clance M.; Gupta R.
发表日期	2021
ISSN	0301-4215
卷号	159
英文摘要	The resource curse is sometimes associated with poor resource-rich countries. However, using panel evidence from the United States, we find that the resource curse is also prevalent in a wealthy resource-rich country. This study investigates the impact of oil resources on income inequality, with a particular focus on distinguishing between the effects from oil abundance (i.e. production) versus oil dependency (i.e. consumption). We observe contrasting non-monotonic outcomes from oil abundance in comparison to oil dependency. For oil abundance, states with low oil production will have less inequality if they increase oil production, and states with high oil production will have increased income inequality if they increase production. The opposite holds true for oil dependency. The findings suggest several channels of concern. For example, oil-rich states are more vulnerable to rent-seeking behaviour as oil production and oil revenues increase, which can adversely affect the income distribution gap. On the other hand, oil-dependent states are more likely to be affected by commodity price shocks which can increase income inequality. © 2021 Elsevier Ltd
英文关键词	Income inequality; O13; O51; Oil resources; United States JEL Classification: D63
语种	英语
scopus关键词	Income inequality; Monotonics; O13; O51; Oil resource; Oil state; Oil-production; Resource curse; Resource-Rich; United state JEL classification: d63; Developing countries; commodity price; hydrocarbon resource; income distribution; oil production; panel data; United States
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/256516
作者单位	Feliciano School of Business, Montclair State University, Montclair, NJ 07043, United States; Department of Economics, University of Pretoria, Private Bag X20, Hatﬁeld, 0028, South Africa
推荐引用方式 GB/T 7714	Berisha E.,Chisadza C.,Clance M.,et al. Income inequality and oil resources: Panel evidence from the United States[J],2021,159.
APA	Berisha E.,Chisadza C.,Clance M.,&Gupta R..(2021).Income inequality and oil resources: Panel evidence from the United States.Energy Policy,159.
MLA	Berisha E.,et al."Income inequality and oil resources: Panel evidence from the United States".Energy Policy 159(2021).