This paper estimates the welfare impacts of natural resources by analyzing Ghana's offshore oil discovery and subsequent production. It finds substantial increases in real income, but no effect on consumption and poverty. The income effects are stronger for skilled workers. Estimates of the eff...

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1. Verfasser:	Ofori Adofo, Josephine (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C The World Bank 2022
Schlagworte:	Consumption and Poverty Economic Impacts of Oil Discovery Energy and Natural Resources Environment Equity and Development Inequity Jobs Local Labor Markets Natural Resources Natural Resources Management Natural Resources Management and Rural Issues Offshore Oil Poverty Poverty Reduction Energy
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Zusammenfassung:	This paper estimates the welfare impacts of natural resources by analyzing Ghana's offshore oil discovery and subsequent production. It finds substantial increases in real income, but no effect on consumption and poverty. The income effects are stronger for skilled workers. Estimates of the effects of oil discovery on employment show that employment in general increased by 4 percentage points. The positive employment effects are largely concentrated in non-oil local sectors: manufacturing and construction. The findings do not show significant impacts on employment in the agriculture and service sectors where a large proportion of individuals below the poverty line are engaged. This largely explains why the oil discovery had no effect on poverty reduction, as it benefited the non-poor rather than the poor
Beschreibung:	1 Online-Ressource (44 Seiten)
DOI:	10.1596/1813-9450-10154