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and channels with respect to income inequality, poverty, education, and health. To date, this area has received less … analysis although it is relevant to the Sustainable Development Goals agenda, as a significant number of the world poor live in … levels of resource rents can end up with significantly different achievements in terms of poverty, inequality, health, and …
Persistent link: https://www.econbiz.de/10012299602
comprehensive set of data from the updated database of the World Bank to capture the heterogeneous dimensions of natural resource … considers the panel vector error correction (PVECM) procedure to explain changes in economic growth outcomes as induced by oil … rent, coal rent and forest rent. The consideration of the (PVECM) was premised on the panel unit root process that returns …
Persistent link: https://www.econbiz.de/10014265930
development - particularly in the developing world. Yet while a large national income can result from resource wealth, it can also … be associated with acute social inequality and deep poverty. Many countries struggle to diversify their economies, and …
Persistent link: https://www.econbiz.de/10011983951
poverty. Many resource rich countries have high poverty rates and are among recipients of international aid. This paper looks …
Persistent link: https://www.econbiz.de/10013130190
Persistent link: https://www.econbiz.de/10010207928
In this paper we document the stylized facts about the relationship between international oil price swings, sovereign risk and macroeconomic performance of oil-exporting economies. We show that even though being a bigger oil producer decreases sovereign risk–because it increases a...
Persistent link: https://www.econbiz.de/10011950480
This study explains the emergence of the Sicilian mafia in the XIX century as the product of the interaction between natural resource abundance and weak institutions. We advance the hypothesis that the mafia emerged after the collapse of the Bourbon Kingdom in a context characterized by a severe...
Persistent link: https://www.econbiz.de/10011734156
A number of studies in the academic and policy literature suggest that resource-rich countries with democratic political systems are more likely than their resource-rich counterparts with less democratic systems to enjoy prudential governance of natural resources, which, in turn, makes inclusive...
Persistent link: https://www.econbiz.de/10012996920
This paper uses the index published in Economic Freedom of North America (Karabegović and McMahon, 2008) to examine the impact of the relationship between resource dependence and institutional quality on economic development in US states. A vast amount of literature supports the existence of a...
Persistent link: https://www.econbiz.de/10014183105
We suggest a dynamic game theoretic model to explain why resource abundance may lead to instability of democracy. Stationary Markov perfect equilibria of this game with four players – Politician, Oligarch, Autocrat and Public (voters) – are analyzed. Choosing a rate of resource rent tax,...
Persistent link: https://www.econbiz.de/10014186358