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Do Oil Windfalls Improve Living Standards? Evidence from Brazil
Caselli, Francesco; Michaels, Guy - C.E.P.R. Discussion Papers - 2009
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...
Persistent link: https://www.econbiz.de/10008509470
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Natural Resources and Economic Growth: From Dependence to Diversification
Gylfason, Thorvaldur - C.E.P.R. Discussion Papers - 2004
) more corruption, (c) less equality, (d) less political liberty, (e) less education, (f) less domestic investment, and (g …
Persistent link: https://www.econbiz.de/10005504445
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Natural Resources and Economic Growth: The Role of Investment
Gylfason, Thorvaldur; Zoega, Gylfi - C.E.P.R. Discussion Papers - 2001
Empirical evidence seems to indicate that economic growth since 1965 has varied inversely with natural resource abundance across countries. This Paper proposes a linkage between abundant natural resources and economic growth, through saving and investment. When the share of output that accrues...
Persistent link: https://www.econbiz.de/10005504629
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Voracity and Growth
Lane, Philip R.; Tornell, Aaron - C.E.P.R. Discussion Papers - 1998
We analyse an economy that lacks a strong legal-political institutional infrastructure and is populated by multiple powerful groups. Powerful groups dynamically interact via a fiscal process that effectively allows open access to the aggregate capital stock. In equilibrium, this leads to slow...
Persistent link: https://www.econbiz.de/10005662300
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Development and Growth in Mineral-Rich Countries
Gylfason, Thorvaldur - C.E.P.R. Discussion Papers - 2008
, financial and real capital. The empirical evidence of these linkages is presented in two rounds. First, we allow World Bank data … aspects of social capital, corruption and democracy, suggesting an additional adverse effect of natural resource dependence …
Persistent link: https://www.econbiz.de/10005656438
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Whither Corruption? A Quantitative Survey of the Literature on Corruption and Growth
Campos, Nauro F; Dimova, Ralitza; Saleh, Ahmad - C.E.P.R. Discussion Papers - 2010
Does corruption grease or sand the wheels of economic growth? This paper uses meta-analysis techniques to … corruption on growth from 41 empirical studies. We find that the main factors explaining the variation in these estimates are … whether the model accounts for institutions and trade openness (both are found to deflate the negative effect of corruption …
Persistent link: https://www.econbiz.de/10008784757
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Does Economic Growth Reduce Corruption? Theory and Evidence from Vietnam
Bai, Jie; Jayachandran, Seema; Malesky, Edmund J.; … - C.E.P.R. Discussion Papers - 2013
Government corruption is more prevalent in poor countries than in rich countries. This paper uses cross …-industry heterogeneity in growth rates within Vietnam to test empirically whether growth leads to lower corruption. We find that it does. We … results suggest that as poor countries grow, corruption could subside …
Persistent link: https://www.econbiz.de/10011084684
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Decomposing U.S. Water Use Since 1950. Is the U.S. Experience Replicable?
Debaere, Peter; Kurzendoerfer, Amanda - C.E.P.R. Discussion Papers - 2015
Water use in the U.S. has followed a remarkable pattern since 1950, not mimicking the almost uninterrupted 110 percent increase in the size of the U.S. population, the relatively steady 570 percent growth in real GDP, and the 220 percent improvement in per capita GDP. After doubling between 1950...
Persistent link: https://www.econbiz.de/10011272709
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Do Giant Oilfield Discoveries Fuel Internal Armed Conflicts?
Lei, Yu-Hsiang; Michaels, Guy - C.E.P.R. Discussion Papers - 2011
We use new data to examine the effects of giant oilfield discoveries around the world since 1946. On average, these …
Persistent link: https://www.econbiz.de/10009351523
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Resource rents; when to spend and how to save
Venables, Anthony J - C.E.P.R. Discussion Papers - 2010
Countries with substantial revenues from renewable resources face a complex range of revenue management issues. What is the optimal time profile of consumption from the revenue, and how much should be saved? Should saving be invested in foreign funds or in the domestic economy? How does...
Persistent link: https://www.econbiz.de/10008468644