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Essays in Environmental and Resource...

James, Alexander G.

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Essays in Environmental and Resource Economics.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Essays in Environmental and Resource Economics./
Author:	James, Alexander G.
Description:	87 p.
Notes:	Source: Dissertation Abstracts International, Volume: 74-05(E), Section: A.
Contained By:	Dissertation Abstracts International74-05A(E).
Subject:	Economics, Environmental. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3549676
ISBN:	9781267861955

Essays in Environmental and Resource Economics.
James, Alexander G.

Essays in Environmental and Resource Economics. - 87 p.

Source: Dissertation Abstracts International, Volume: 74-05(E), Section: A.

Thesis (Ph.D.)--University of Wyoming, 2012.

This dissertation is comprised of three chapters. Chapter 1 provides a new explanation for the observed slow growth of resource-rich economies---a slow-growing resource industry. A dual-sector model illustrates that if a natural-resource industry grows more slowly than the rest of the economy, an increase in resource technology necessarily decreases economic growth. This implies that testing for a resource curse by estimating the conditional relationship between economic growth and resource dependence is insufficient. After neutralizing the confounding effect of a slow-growing natural-resource industry, there is little evidence that a resource curse exists at the country level. This methodology is also applied to the U.S.-county level. The results suggest natural resources act as a catalyst for growth at the sub-national level. Chapter 2 considers the extent to which stated preference surveys suffer from social-pressure bias. I develop a model that predicts social pressure creates greater bias in a referendum relative to a dichotomous-choice mechanism. Experimental evidence supports this theory. Social pressure did not significantly affect response rates in the dichotomous-choice mechanism, whereas as it did in the referendum. This result suggests if one elicits preferences in an environment where subjects experience social pressure, the dichotomous-choice device may be the more reliable elicitation mechanism. Motivated in part by the results given in Chapter 1, Chapter 3 explores how natural-resource wealth may stimulate economic growth. A dynamic growth model suggests income tax rates are decreasing in resource wealth. The model further predicts that decreasing income tax rates stimulates economic growth. U.S.-state data is moderately consistent with this theory. Governments in resource-dependent states tend to have lower income tax rates--suggesting local governments treat resource-based revenue as a substitute for other revenue sources. Examining a cross section of the data suggests decreasing income tax rates stimulates growth. However, consistent with existing literature, a panel of data indicates the relationship between income tax rates and growth is insignificant.

ISBN: 9781267861955Subjects--Topical Terms:

1669564
Economics, Environmental.

Essays in Environmental and Resource Economics.
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100 1 $a James, Alexander G. $3 2097277
245 1 0 $a Essays in Environmental and Resource Economics.
300 $a 87 p.
500 $a Source: Dissertation Abstracts International, Volume: 74-05(E), Section: A.
500 $a Adviser: Jason Shogren.
502 $a Thesis (Ph.D.)--University of Wyoming, 2012.
520 $a This dissertation is comprised of three chapters. Chapter 1 provides a new explanation for the observed slow growth of resource-rich economies---a slow-growing resource industry. A dual-sector model illustrates that if a natural-resource industry grows more slowly than the rest of the economy, an increase in resource technology necessarily decreases economic growth. This implies that testing for a resource curse by estimating the conditional relationship between economic growth and resource dependence is insufficient. After neutralizing the confounding effect of a slow-growing natural-resource industry, there is little evidence that a resource curse exists at the country level. This methodology is also applied to the U.S.-county level. The results suggest natural resources act as a catalyst for growth at the sub-national level. Chapter 2 considers the extent to which stated preference surveys suffer from social-pressure bias. I develop a model that predicts social pressure creates greater bias in a referendum relative to a dichotomous-choice mechanism. Experimental evidence supports this theory. Social pressure did not significantly affect response rates in the dichotomous-choice mechanism, whereas as it did in the referendum. This result suggests if one elicits preferences in an environment where subjects experience social pressure, the dichotomous-choice device may be the more reliable elicitation mechanism. Motivated in part by the results given in Chapter 1, Chapter 3 explores how natural-resource wealth may stimulate economic growth. A dynamic growth model suggests income tax rates are decreasing in resource wealth. The model further predicts that decreasing income tax rates stimulates economic growth. U.S.-state data is moderately consistent with this theory. Governments in resource-dependent states tend to have lower income tax rates--suggesting local governments treat resource-based revenue as a substitute for other revenue sources. Examining a cross section of the data suggests decreasing income tax rates stimulates growth. However, consistent with existing literature, a panel of data indicates the relationship between income tax rates and growth is insignificant.
590 $a School code: 0264.
650 4 $a Economics, Environmental. $3 1669564
690 $a 0438
710 2 $a University of Wyoming. $b Economics & Finance. $3 1064895
773 0 $t Dissertation Abstracts International $g 74-05A(E).
790 $a 0264
791 $a Ph.D.
792 $a 2012
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3549676