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Economic impacts of natural resources on a regional economy: the case of the pre-salt oil discoveries in Espirito Santo, Brazil

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  • Haddad Eduardo Amaral

    (the University of Sao Paulo)

  • Giuberti Ana Carolina

    (the Federal University of Espirito Santo)

Abstract

The Brazilian government has recently confirmed the discovery of a huge oil and natural gas field in the pre-salt layer of the country’s southeastern coast. It has been said that the oil fields can boost Brazil’s oil production and turn the country into one of the largest oil producers in the world. The fields are spatially concentrated in the coastal areas of a few Brazilian states that may directly benefit from oil production. This paper uses an interregional computable general equilibrium model to assess the impacts of pre-salt on the economy of the State of Espirito Santo, a region already characterized by an economic base that is heavily reliant on natural resources. We focus our analysis on the structural economic impacts on the local economy.

Suggested Citation

  • Haddad Eduardo Amaral & Giuberti Ana Carolina, 2014. "Economic impacts of natural resources on a regional economy: the case of the pre-salt oil discoveries in Espirito Santo, Brazil," Экономика региона, CyberLeninka;Федеральное государственное бюджетное учреждение науки «Институт экономики Уральского отделения Российской академии наук», issue 1, pages 111-124.
    • Handle: RePEc:scn:015306:15662013
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    Cited by:

    1. Irina Semykina, 2017. "Managing Regional Economic Development Through Local Content Requirements In Oil And Gas Industry," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 457-464.
    2. Irina Semykina, 2015. "Opportunities and benefits of local content requirement policy: case of Eastern Siberian oil and gas industry," ERSA conference papers ersa15p21, European Regional Science Association.

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