HIGHLIGHTS
- who: Tiago Cavalcanti from the University of Cambridge, for financial supportAll remaining errors are oursThe views expressed in Faculty of Economics, University of Cambridge, Cambridge, UK have published the research: Winning the oil lottery: the impact of natural resource extraction on growth, in the Journal: (JOURNAL)
- what: Specifically, the authors compare economic outcomes in municipalities where the national oil company, Petrobras, drilled for oil but did not find any, to outcomes in those municipalities in which it drilled for oil and was successful . The authors show that municipalities with oil discoveries have a higher probability . . .
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