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Rapacious resource depletion, excessive investment and insecure property rights
van der Ploeg, Frederick - 2010
with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We … allow property rights to improve as the country transforms natural resources into capital. The ensuing power struggle about … result, the country substitutes away from resources to capital too rapidly and invests more than predicted by the Hartwick …
Persistent link: https://www.econbiz.de/10010270457
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Genuine Saving and the Voracity Effect
Ploeg, Frederick van der - Department of Economics, European University Institute - 2007
Many resource-rich countries have negative genuine saving rates, so deplete their exhaustible natural resource wealth faster than they build up wealth in other assets. This phenomenon is stronger in more fractionalized countries with poor legal systems. We explain this by a power struggle about...
Persistent link: https://www.econbiz.de/10005557743
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Rapacious resource depletion, excessive investment and insecure property rights
Ploeg, Frederick van der - 2010
; Hartwick rule ; capital ; sustainable consumption ; fractionalization ; seepage ; insecure property rights ; differential game … with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We … allow property rights to improve as the country transforms natural resources into capital. The ensuing power struggle about …
Persistent link: https://www.econbiz.de/10003942714
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Rapacious Resource Depletion, Excessive Investment and Insecure Property Rights
van der Ploeg, Rick - 2013
with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We … allow property rights to improve as the country transforms natural resources into capital. The ensuing power struggle about … result, the country substitutes away from resources to capital too rapidly and invests more than predicted by the Hartwick …
Persistent link: https://www.econbiz.de/10013095003
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Economic growth and its impact on environment: A panel data analysis
Asici, Ahmet Atıl - Volkswirtschaftliche Fakultät, … - 2011
This paper aims to explore the relationship between the economic growth and the pressure on nature from the environmental sustainability perspective. We measure pressure on nature as the sum of energy, mineral, net forest depletions and carbon dioxide damage, all measured in US dollars. The data...
Persistent link: https://www.econbiz.de/10009004203
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Battle for Climate and Scarcity Rents: Beyond the Linear-Quadratic Case
Kagan, Mark; van der Ploeg, Frederick; Withagen, Cees A. - 2014
The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...
Persistent link: https://www.econbiz.de/10010435786
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Battle for Climate and Scarcity Rents: Beyond the Linear-Quadratic Case
Kagan, Mark; Ploeg, Frederick Van der; Withagen, Cees A. - CESifo - 2014
The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...
Persistent link: https://www.econbiz.de/10011264740
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Sustainable growth: Compatibility between criterion and the initial state
Bazhanov, Andrei - Volkswirtschaftliche Fakultät, … - 2008
There is a large body of research devoted to our understanding of sustainable growth in resource based economies. Some of this research is inapplicable to the real economy. This is a result of inconsistency between the commonly used criteria and the initial state of the real economy. The...
Persistent link: https://www.econbiz.de/10005623401
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Guidelines for Exploiting Natural Resource Wealth
Ploeg, Rick Van der - Department of Economics, Oxford University - 2013
windfall until the country is ready to absorb extra spending on domestic investment. Capital scarcity implies that a positive …
Persistent link: https://www.econbiz.de/10010757250
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Green accounting, institutional quality and investment decisions : macroeconomic implications from an analysis of the oil and mining sector
Stöver, Jana - 2016
physical and natural capital. Since these two types of capital are used jointly in the industry's production process, the firms … face a dual investment decision, whereby they have to decide on the investment into both types of capital simultaneously … then shown that the form of capital aggregation in national accounting can lead to an underestimation of the effect of …
Persistent link: https://www.econbiz.de/10011419424