2025年4月25日（周五） 

10:30-12:00

尤炜教授

北京大学

Do abundant natural resources promote or hinder local economic development? We contribute to this long-standing debate using a novel data set from China during 1990-2020.  Using a "shift-share" strategy that interacts mineral reserve value with world price changes, we show that resource booms do not crowd out local manufacturing activity but amplify the impacts of resource price fluctuations on local GDP per capita and population for resource-abundant counties. In the long term, a higher resource reserve value is associate with neither faster nor slower economic growth. However, counties that have depleted their major mineral resources experience much slower economic growth conditional on initial resource endowment. Among resources-depleted counties, those who have previously substantially subsidized their manufacturing sector exhibit relatively better economic performance.