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We use new data to examine the effects of giant oilfield discoveries around the world since 1946. On average, these discoveries increase per capita oil production and oil exports by up to 50 percent. But these giant oilf...Read more...
Yu-Hsiang Lei and Guy Michaels
21 May 2012
8 November 2011
What are the consequences of resource-based regional specialization, when it persists over a long period of time? While much of the literature argues that specialization is beneficial, recent work suggests it may be cost...Read more...
Guy Michaels
December 2006