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Inflated expectations and commodity prices : evidence from Kazakhstan

Girard, Victoire; Kudebayeva, Alma; Toews, Gerhard - 2020

We document that an oil price boom triggers dissatisfaction with one's income, and confirm that this is not driven by changes in real economic conditions. Unique data from Kazakhstan allows us to exploit time, sectoral and spatial variation to identify the impact of the recent oil boom on...

Persistent link: https://www.econbiz.de/10012175733

An Analysis of the Relevance of the Resource Curse to Australia, and Policy Implications

Bucifal, Stanislav; George, Terry; Ahmed, Nur - 2009

This paper and associated presentation explores the economic phenomenon of the so called ‘resource curse’. We begin by defining the phrase and outlining the main individual ‘curses’ and their causes to give the reader a broad understanding of what is meant by the phrase. This is followed...

Persistent link: https://www.econbiz.de/10014202386

Commodity Prices, Growth, and the Natural Resource Curse : Reconciling a Conundrum

Collier, Paul; Goderis, Benedikt - 2009

Currently, evidence on the ‘resource curse’ yields a conundrum. While there is much cross-section evidence to support the curse hypothesis, time series analyses using vector autoregressive (VAR) models have found that commodity booms raise the growth of commodity exporters. This paper adopts...

Persistent link: https://www.econbiz.de/10014204020

The Long Run Development of Chile and the Natural Resources Curse. Linkages, Policy and Growth, 1850-1950

Badia-Miro, Marc; Ducoing, Cristián A. - 2014

This chapter analyses the effects of Natural Resources on the Chilean economy in the long run (1850-1950). Specifically, the authors focus their attention on the mining cycles (nitrates and copper) and their impact on the mining activity. We also compare it with the evolution of the industry and...

Persistent link: https://www.econbiz.de/10014139732

Towards an Urban Land Resource Curse? A Fresh Perspective on a Long-Standing Issue

Zinnbauer, Dieter - 2015

Urban land governance is one of the central challenges not just for urban but also more broadly for global development in times of rapid urbanisation. This paper advances a fresh perspective to look at urban land by exploring to what extent it could be characterised as a resource curse problem....

Persistent link: https://www.econbiz.de/10014131832

Corruption, the Resource Curse and Genuine Saving

Dietz, Simon; Neumayer, Eric; De Soysa, Indra - 2009

Genuine saving measures net investment in produced, natural and human capital. It is a necessary condition for weak sustainable development that genuine saving not be persistently negative. However, according to data provided by the World Bank, resource-rich countries are systematically failing...

Persistent link: https://www.econbiz.de/10014071807

Does natural resource extraction compromise future well-being? : Norwegian Genuine Savings 1865-2018

Fink, Johanna; Ducoing, Cristián - 2021

Over recent years Genuine Savings (GS) has emerged as an indicator for weak sustainability and predictor of socio-economic well-being. This paper presents the first long-term GS estimates for Norway, covering the period from 1865 until 2019. The preliminary results indicate unsustainable...

Persistent link: https://www.econbiz.de/10012649452

Education in economic theory

Osmanković, Jasmina; Jahić, Hatidža; Šehić, Ensar - In: Economic review : journal of economics & business 9 (2011) 1, pp. 63-78

This paper aims to show the evolution of the role and importance of education in economic theory, especially in … of the role and importance of education in the development process. Presentation of the classification theory refers to … theories of interdependence of education and development (theory of human capital, human development and approach to the …

Persistent link: https://www.econbiz.de/10012010524

Optimal policy for secondary education in developing countries

Dosmagambet, Yergali - 2015

dramatic augmentation of working population with vocational education relative to general education. This is consistent with … the recent literature, which argues that the ratio of vocational-to-general education tends to be higher in middle …-income countries. We explore an analytical approach to open up fresh insights into the composition of secondary education and prove the …

Persistent link: https://www.econbiz.de/10011281876

Longevity shocks with age-dependent productivity growth

Heijdra, Ben J.; Reijnders, Laurie S. M. - 2015

The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education …

Persistent link: https://www.econbiz.de/10010528342