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Do giant oilfield discoveries fuel internal armed conflicts?

Lei, Yu-Hsiang; Michaels, Guy - London School of Economics (LSE) - 2011

discoveries increase per capita oil production and oil exports by up to 50 percent. But these giant oilfield discoveries also have …

Persistent link: https://www.econbiz.de/10010745904

Optimal monetary responses to oil discoveries

Wills, Samuel - London School of Economics (LSE) - 2014

This paper studies how monetary policy should respond to news about an oil discovery, using a workhorse New Keynesian … oil revenues by appreciating the terms of trade, creating “Dutch disease” and a deflationary bias which is overcome by …

Persistent link: https://www.econbiz.de/10011126400

On the theory of ethnic conflict

Caselli, Francesco; Coleman II, Wilbur John - London School of Economics (LSE) - 2006

We present a theory of ethnic conflict in which coalitions formed along ethnic lines compete for the economy’s resources. The role of ethnicity is to enforce coalition membership: in ethnically homogeneous societies members of the losing coalition can defect to the winners at low cost, and...

Persistent link: https://www.econbiz.de/10010745137

Challenges for research on resource-rich economies

Michaels, Guy - London School of Economics (LSE) - 2010

The scope for economic research on resource-rich countries has widened considerably over the past two decades. While examination of market-based channels mechanisms (such as spending effects and exchange-rate appreciation) and resource price volatility are still important, other issues are...

Persistent link: https://www.econbiz.de/10011126509

Petromin: the slow death of statist oil development in Saudi Arabia

Hertog, Steffen - London School of Economics (LSE) - 2008

The paper recounts the history of Saudi Arabia's first national oil company, Petromin, which was originally supposed to … organisation of the Saudi oil sector today is very different from - and more efficient than - that of most other oil exporters in … the developing world. The paper concludes with a tentative taxonomy of national oil companies, based on the circumstances …

Persistent link: https://www.econbiz.de/10010745805

External integration, structural transformation and economic development: evidence from Argentina

Fajgelbaum, Pablo; Redding, Stephen - London School of Economics (LSE) - 2014

This paper uses the natural experiment of Argentina’s integration into world markets in the late-nineteenth century to provide evidence on the role of internal geography in shaping the effects of external integration. We develop a quantitative model of the distribution of economic activity...

Persistent link: https://www.econbiz.de/10011126394

The geography of inter-state resource wars

Caselli, Francesco; Morelli, Massimo; Rohner, Dominic - London School of Economics (LSE) - 2013

analysis shows that the presence and location of oil are significant and quantitatively important predictors of inter …

Persistent link: https://www.econbiz.de/10010884613

The survival of the conformist: social pressure and renewable resource management

Tavoni, Alessandro; Schlüter, Maja; Levin, Simon - London School of Economics (LSE) - 2011

This paper examines the role of other-regarding behavior as a mechanism for the establishment and maintenance of cooperation in resource use under variable social and environmental conditions. By coupling resource stock dynamics with social dynamics concerning compliance to a social norm...

Persistent link: https://www.econbiz.de/10011071071

A model of equilibrium institutions

Guimaraes, Bernardo; Sheedy, Kevin D. - London School of Economics (LSE) - 2012

Institutions that serve the interests of an elite are often cited as an important reason for poor economic performance. This paper builds a model of institutions that allocate resources and power to maximize the payoff of an elite, but where any group that exerts sufficient fighting effort can...

Persistent link: https://www.econbiz.de/10010746446

Policy experimentation, political competition, and heterogeneous beliefs

Millner, Antony; Ollivier, Hélène; Simon, Leo - London School of Economics (LSE) - 2014

Persistent link: https://www.econbiz.de/10011126646