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Estimating the Value of Oil Capital in a Small Open Economy: the Venezuela’s Example

Aniyar, Sara - Fondazione ENI Enrico Mattei (FEEM) - 2003

The paper focuses in the calculation of the oil capital value in a small open economy depending on oil rents. The Venezuelan case is used as an example. In valuing the oil capital, two issues are recalled and discussed: how should the exploration costs and the capital gains be treated? It is...

Persistent link: https://www.econbiz.de/10005385384

River Sharing and Water Trade

Ansink, Erik; Gengenbach, Michael; Weikard, Hans-Peter - Fondazione ENI Enrico Mattei (FEEM) - 2012

We analyse river sharing games in which a set of agents located along a river shares the available water. Using coalition theory, we find that the potential benefits of water trade may not be sufficient to make all agents in the river cooperate and acknowledge property rights as a prerequisite...

Persistent link: https://www.econbiz.de/10010541206

Autocracies and Development in a Global Economy: A Tale of Two Elites

Akerman, Anders; Larsson, Anna; Naghavi, Alireza - Fondazione ENI Enrico Mattei (FEEM) - 2011

Data on the growth performances of countries with similar comparative (dis)advantage and political institutions reveal …

Persistent link: https://www.econbiz.de/10009320995

Business Groups as Hierarchies of Firms: Determinants of Vertical Integration and Performance

Altomonte, Carlo; Rungi, Armando - Fondazione ENI Enrico Mattei (FEEM) - 2013

We explore the nature of Business Groups, that is network-like forms of hierarchical organization between legally autonomous firms spanning both within and across national borders. Exploiting a unique dataset of 270,474 headquarters controlling more than 1,500,000 (domestic and foreign)...

Persistent link: https://www.econbiz.de/10010640989

Women’s Rights and Development

Fernández, Raquel - Fondazione ENI Enrico Mattei (FEEM) - 2010

Why has the expansion of women’s economic and political rights coincided with economic development? This paper investigates this question, focusing on a key economic right for women: property rights. The basic hypothesis is that the process of development (i.e., capital accumulation and...

Persistent link: https://www.econbiz.de/10008465538

Democracy, Property Rights, Income Equality, and Corruption

Dong, Bin; Torgler, Benno - Fondazione ENI Enrico Mattei (FEEM) - 2011

This paper presents theoretical and empirical evidence on the nexus between corruption and democracy. We establish a political economy model where the effect of democracy on corruption is conditional on income distribution and property rights protection. Our empirical analysis with...

Persistent link: https://www.econbiz.de/10008828379

Property Rights Conservation and Development: An Analysis of Extractive Reserves in the Brazilian Amazon

Igliori, Danilo Camargo; Goesch, Timo - Fondazione ENI Enrico Mattei (FEEM) - 2004

where the reserves must generate a viable revenue stream. We conclude therefore that under the current set of institutions …

Persistent link: https://www.econbiz.de/10005230870

Institutional Explanations of Economic Development: the Role of Precious Metals

Papyrakis, Elissaios; Gerlagh, Reyer - Fondazione ENI Enrico Mattei (FEEM) - 2005

in former European colonies. Where European colonizers settled, they replicated the investment-conducive institutions … the formation of institutions. We find the presence of precious metals, gold and silver, to imply an increase in …

Persistent link: https://www.econbiz.de/10005385335

Robust Institutions for Sustainable Water Markets: A Survey of the Literature and the Way Forward

Maziotis, Alexandros; Calliari, Elisa; Mysiak, Jaroslav - Fondazione ENI Enrico Mattei (FEEM) - 2013

This paper discusses a framework for analyzing robust institutions for water markets drawn on the new institutional … externalities. Finally, based on Sharma’s approach (2012) a new robust water governance model for Spain is proposed in which the … highest priority is given to the role of legal and political institutions and second priority to environmental, economic and …

Persistent link: https://www.econbiz.de/10010671479

Tourism and Development: A Recent Phenomenon Built on Old (Institutional) Roots?

Pigliaru, Francesco; Brau, Rinaldo; Liberto, Adriana Di - Fondazione ENI Enrico Mattei (FEEM) - 2010

this paper we frame our starting question within the general debate about the importance of good/bad institutions as … are in fact driven by the presence of growth enhancing institutions. Our empirical analysis exploits newly available … institutions is important for growth. Yet our results strongly suggest that the weight of tourism in an economy is an independent …

Persistent link: https://www.econbiz.de/10008489588