Arbeitspapier
Fickle Fossils. Economic Growth, Coal and the European Oil Invasion, 1900-2015
Fossil fuels have shaped the European economy since the industrial revolution. We use new long-run panel data to analyse the effect of both, coal and oil on economic growth between 1900 and 2015, exploiting variation at the level of European NUTS2 and NUTS3 regions. We show that the reversal of fortune of coal regions resulted from the second energy transition. Specifically, an "oil invasion" in the early 1960s turned regional coal abundance from a blessing into a curse. Human capital accumulation contributed to this reversal of fortune and fully explains the negative effects until today. Moreover, we find substantial heterogeneity between former coal regions that is in line with Glaeser's "reinvention hypothesis": regions with a higher skill-level adjusted much better to the decline of coal. In particular, we show that coal regions with a higher urban density before 1800 were much more resilient than others.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 10805
- Klassifikation
-
Wirtschaft
Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Environment and Growth
Exhaustible Resources and Economic Development
Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: Europe: 1913-
General Regional Economics (includes Regional Data)
Education and Economic Development
- Thema
-
coal
oil invasion
second energy transition
education
reinvention
growth
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fritzsche, Miriam
Wolf, Nikolaus
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Fritzsche, Miriam
- Wolf, Nikolaus
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2023
Ähnliche Objekte (12)
Fickle Fossils. Economic Growth, Coal and the European Oil Invasion, 1900-2015
Coal and Petroleum, Oil, Lubricants
Too little oil, too much coal: Optimal carbon tax and when to phase in oil, coal and renewables
370.2/32/Wuerttemberg-Baden/COAL & Petroleum, Oil, Lubricants-Military Government Options in Land Wuerttember-Baden-Coal & Petroleum, Oil, Lubricants
Plate IV. Fossil Vegetables of the Coal Formation. Fossil Vegetables of the Lias Formation
Oil abundance and economic growth
Coal, oil and gas going into extra time : the narrative of abated fossil fuels threatens to undermine the Paris climate targets
Coal, oil and gas going into extra time: The narrative of abated fossil fuels threatens to undermine the Paris climate targets
Optimal carbon tax with a dirty backstop: Oil, coal, or renewables?
Oil Price Shocks and Economic Growth in Oil-Exporting Countries
Oil and Growth in Transition Countries
Coal and Coal Oil; or, the Geology of the Earth : Being a popular description of Minerals and mineral Combustibles
Fickle Fossils. Economic Growth, Coal and the European Oil Invasion, 1900-2015
Coal and Petroleum, Oil, Lubricants
Too little oil, too much coal: Optimal carbon tax and when to phase in oil, coal and renewables
370.2/32/Wuerttemberg-Baden/COAL & Petroleum, Oil, Lubricants-Military Government Options in Land Wuerttember-Baden-Coal & Petroleum, Oil, Lubricants
Plate IV. Fossil Vegetables of the Coal Formation. Fossil Vegetables of the Lias Formation
Oil abundance and economic growth
Coal, oil and gas going into extra time : the narrative of abated fossil fuels threatens to undermine the Paris climate targets
Coal, oil and gas going into extra time: The narrative of abated fossil fuels threatens to undermine the Paris climate targets
Optimal carbon tax with a dirty backstop: Oil, coal, or renewables?
Oil Price Shocks and Economic Growth in Oil-Exporting Countries
Oil and Growth in Transition Countries
Coal and Coal Oil; or, the Geology of the Earth : Being a popular description of Minerals and mineral Combustibles
Fickle Fossils. Economic Growth, Coal and the European Oil Invasion, 1900-2015
Coal and Petroleum, Oil, Lubricants
Too little oil, too much coal: Optimal carbon tax and when to phase in oil, coal and renewables
370.2/32/Wuerttemberg-Baden/COAL & Petroleum, Oil, Lubricants-Military Government Options in Land Wuerttember-Baden-Coal & Petroleum, Oil, Lubricants
Plate IV. Fossil Vegetables of the Coal Formation. Fossil Vegetables of the Lias Formation
Oil abundance and economic growth
Coal, oil and gas going into extra time : the narrative of abated fossil fuels threatens to undermine the Paris climate targets
Coal, oil and gas going into extra time: The narrative of abated fossil fuels threatens to undermine the Paris climate targets
Optimal carbon tax with a dirty backstop: Oil, coal, or renewables?
Oil Price Shocks and Economic Growth in Oil-Exporting Countries
Oil and Growth in Transition Countries