eprintid: 1753 rev_number: 11 eprint_status: archive userid: 6 dir: disk0/00/00/17/53 datestamp: 2016-12-20 11:41:13 lastmod: 2017-02-08 12:21:35 status_changed: 2016-12-20 11:41:13 type: article metadata_visibility: show creators_name: Jacobsen, Grant D. creators_name: Parker, Dominic P. corp_creators: University of Oregon corp_creators: University of Wisconsin–Madison title: The Economic Aftermath of Resource Booms: Evidence from Boomtowns in the American West subjects: O subjects: RU subjects: SHC subjects: SHU divisions: SHEER full_text_status: none abstract: The current US oil and gas boom is injecting labour, capital and revenue into communities near reserves. Will these communities be cursed with lower long-run incomes in the wake of the boom? We study the oil boom-and-bust cycle of the 1970s and 1980s to gain insights. Using annual data on drilling to identify western boom-and-bust counties, we find substantial positive local employment and income effects during the boom. In the aftermath of the bust, however, we find that incomes per capita decreased and unemployment compensation payments increased relative to what they would have been if the boom had not occurred. date: 2014 date_type: published publication: The Economic Journal volume: 126 number: 593 publisher: Wiley pagerange: 1092-1128 id_number: doi:10.1111/ecoj.12173 issn: 00130133 official_url: http://doi.org/10.1111/ecoj.12173 access_IS-EPOS: limited owner: Publisher citation: Jacobsen, Grant D. and Parker, Dominic P. (2014) The Economic Aftermath of Resource Booms: Evidence from Boomtowns in the American West. The Economic Journal, 126 (593). pp. 1092-1128. DOI: https://doi.org/10.1111/ecoj.12173