Oil and Gas Production and Economic Growth in New Mexico
This paper examines the relationship between energy production and economic growth in New Mexico using cross section data for the state's 33 counties in Census years 1960, 1970, 1980, 1990 and 2000. The central question is whether or not New Mexico's counties are subject to the resource cu...
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| Veröffentlicht in: | Journal of economic issues 2011-06, Vol.45 (2), p.511-526 |
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| description | This paper examines the relationship between energy production and economic growth in New Mexico using cross section data for the state's 33 counties in Census years 1960, 1970, 1980, 1990 and 2000. The central question is whether or not New Mexico's counties are subject to the resource curse, a phenomenon documented frequently in the literature. Most empirical studies of the resource curse hypothesis have used national or state level data and a broad definition of natural resources. In contrast, this analysis uses county level data with a focus on oil and gas extraction. The estimated models suggest that oil and gas extraction in New Mexico counties has had a small but positive effect on income, employment and population. Similar results were obtained when the model was estimated for 925 counties in 13 energy producing states for the year 2000. |
| doi_str_mv | 10.2753/JEI0021-3624450228 |
| format | Article |
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Meghan</creator><creatorcontrib>Peach, James ; Starbuck, C. Meghan</creatorcontrib><description>This paper examines the relationship between energy production and economic growth in New Mexico using cross section data for the state's 33 counties in Census years 1960, 1970, 1980, 1990 and 2000. The central question is whether or not New Mexico's counties are subject to the resource curse, a phenomenon documented frequently in the literature. Most empirical studies of the resource curse hypothesis have used national or state level data and a broad definition of natural resources. In contrast, this analysis uses county level data with a focus on oil and gas extraction. The estimated models suggest that oil and gas extraction in New Mexico counties has had a small but positive effect on income, employment and population. 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Meghan</creatorcontrib><title>Oil and Gas Production and Economic Growth in New Mexico</title><title>Journal of economic issues</title><addtitle>Journal of Economic Issues</addtitle><description>This paper examines the relationship between energy production and economic growth in New Mexico using cross section data for the state's 33 counties in Census years 1960, 1970, 1980, 1990 and 2000. The central question is whether or not New Mexico's counties are subject to the resource curse, a phenomenon documented frequently in the literature. Most empirical studies of the resource curse hypothesis have used national or state level data and a broad definition of natural resources. In contrast, this analysis uses county level data with a focus on oil and gas extraction. The estimated models suggest that oil and gas extraction in New Mexico counties has had a small but positive effect on income, employment and population. Similar results were obtained when the model was estimated for 925 counties in 13 energy producing states for the year 2000.</description><subject>Censuses</subject><subject>Coefficients</subject><subject>Economic analysis</subject><subject>Economic aspects</subject><subject>Economic development</subject><subject>Economic growth</subject><subject>Economic growth models</subject><subject>Economic resources</subject><subject>Economic theory</subject><subject>Empirical research</subject><subject>Employment</subject><subject>Energy</subject><subject>Energy resources</subject><subject>Estimation</subject><subject>Forecasts and trends</subject><subject>Fossil fuels</subject><subject>Hypotheses</subject><subject>Manufacturing</subject><subject>Market trend/market analysis</subject><subject>Mathematical dependent variables</subject><subject>Natural gas</subject><subject>Natural resources</subject><subject>New Mexico</subject><subject>Oil industry</subject><subject>Per capita</subject><subject>Petroleum industry</subject><subject>Petroleum production</subject><subject>Policy Notes</subject><subject>Population estimates</subject><subject>Production</subject><subject>resource curse</subject><subject>Revenue</subject><subject>Specialization</subject><subject>Studies</subject><subject>U.S.A</subject><issn>0021-3624</issn><issn>1946-326X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2011</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><sourceid>N95</sourceid><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNqNklGr0zAUx4soOK9-AUEo-iCCvaZJk7YP9-E6Zp1O54OCbyFNT7eMNplJ67Zvb2rHdDIuUk5Szvn9_yckJwiexugap5S8-TCbI4TjiDCcJBRhnN0LJnGesIhg9v1-MDlVHwaPnNsghGhC6STIlqoJha7CQrjwizVVLztl9O_UTBptWiXDwppdtw6VDj_DLvwEeyXN4-BBLRoHT477VfDt3ezr9H20WBbz6e0iklmMuiiPKU6rFKCuMpqWpMpQIhIhJWaClHmOIUaIJXVV5yUTkjJUA81wnooaobJE5Cp4OfpurfnRg-t4q5yEphEaTO94lqYZyXOSevL5P-TG9Fb7w_GMZYzlhA12L0ZoJRrgStems0IOlvwWp4ik_vYGKrpArUCDFY3RUCufPuOvL_D-q8Df30XBqzOBZzrYdyvRO8fnb4v_ZrNicdfBj6w0TQMr4P5lpstz_vVffNk7pcH5xanVunNjizMcj7i0xjkLNd9a1Qp74DHiwyDy4yDyP4PoRR9HkYUtyJOiBbcBqXyDn5yIfTOsBx8YxV4u1PDrY-uD-gzFjK-71rs9G902rjP25IYJSv2o5b5-M9aHV7Ct2BnbVLwTh8bY2grtO3Jyx2l_ASMS_6Q</recordid><startdate>20110601</startdate><enddate>20110601</enddate><creator>Peach, James</creator><creator>Starbuck, C. 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| ispartof | Journal of economic issues, 2011-06, Vol.45 (2), p.511-526 |
| issn | 0021-3624 1946-326X |
| language | eng |
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| source | JSTOR Archive Collection A-Z Listing; RePEc; Business Source Complete |
| subjects | Censuses Coefficients Economic analysis Economic aspects Economic development Economic growth Economic growth models Economic resources Economic theory Empirical research Employment Energy Energy resources Estimation Forecasts and trends Fossil fuels Hypotheses Manufacturing Market trend/market analysis Mathematical dependent variables Natural gas Natural resources New Mexico Oil industry Per capita Petroleum industry Petroleum production Policy Notes Population estimates Production resource curse Revenue Specialization Studies U.S.A |
| title | Oil and Gas Production and Economic Growth in New Mexico |
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