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Do giant oilfield discoveries fuel internal armed conflicts?
Lei, Yu-Hsiang; Michaels, Guy - London School of Economics (LSE) - 2011
We use new data to examine the effects of giant oilfield discoveries around the world since 1946. On average, these discoveries increase per capita oil production and oil exports by up to 50 percent. But these giant oilfield discoveries also have a dark side: they increase the incidence of...
Persistent link: https://www.econbiz.de/10010745904
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Is Poland the next Spain?
Caselli, Francesco; Tenreyro, Silvana - London School of Economics (LSE) - 2005
capital accumulation and TFP growth reflect convergence along two margins. One margin (between industry) is a massive … reallocation of labor from agriculture to manufacturing and services, which have higher capital intensity and use resources more … efficiently. The other margin (within industry) reflects capital deepening and technology catchup at the industry level. In …
Persistent link: https://www.econbiz.de/10010745276
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Minority representation and policy choices: the significance of legislator identity
Pande, Rohini - London School of Economics (LSE) - 1999
Disadvantaged groups tend also to constitute population minorities. One consequence of this is that the policies implemented by electorally accountable governments often fail to reflect minority interests. A policy solution is to enhance the political power of minority groups as a vehicle for...
Persistent link: https://www.econbiz.de/10010928746
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The long-term consequences of regional specialization
Michaels, Guy - London School of Economics (LSE) - 2006
manufacturing sector. During the 1940s and 1950s, oil abundant counties enjoyed per capita income that was 20-30 percent higher than …, over the next 50 years it caused the oil abundant counties to develop a smaller manufacturing sector. This led to slower …
Persistent link: https://www.econbiz.de/10010744966
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The long term consequences of resource based specialization
Michaels, Guy - London School of Economics (LSE) - 2007
manufacturing sector. During the 1940s and 1950s, oil abundant counties enjoyed per capita income that was 20-30 percent higher than …, over the next 50 years it caused the oil abundant counties to develop a smaller manufacturing sector. This led to slower …
Persistent link: https://www.econbiz.de/10010745354
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Strategies and counter-strategies: China in the Andean region of South America
Chimienti, Ádam; Creutzfeldt, Benjamin - London School of Economics (LSE) - 2014
By employing a comparative method that analyzes China’s increasing presence in different Latin America countries, this study explores key features and implications of Beijing’s approach towards this region. Colombia, Ecuador and Peru are used as case studies to evaluate China’s diplomatic...
Persistent link: https://www.econbiz.de/10011186584
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Fracking growth
Fetzer, Thiemo - London School of Economics (LSE) - 2014
This paper estimates the effect of the shale oil and gas boom in the United States on local economic outcomes. The main source of exogenous variation to be explored is the location of previously unexplored shale deposits. These have become technologically recoverable through the use of hydraulic...
Persistent link: https://www.econbiz.de/10011126197
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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 model. Good news about future production can create a recession today under exchange rate pegs and a simple Taylor rule, as seen in practice. This is explained by forward-looking...
Persistent link: https://www.econbiz.de/10011126400
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Technology dissemination and economic growth: some lessons for the new economy
Quah, Danny - London School of Economics (LSE) - 2002
This paper attempts to draw lessons for the New Economy from what economists know about technology dissemination and economic growth. It argues that what is most notable about the New Economy is that it is knowledge-driven, not just in the sense that knowledge now assumes increasing importance...
Persistent link: https://www.econbiz.de/10011071192
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Development thinking at the beginning of the 21st century
Sen, Amartya - London School of Economics (LSE) - 1997
There has been a shift, in recent years, in the understanding of the process of development. It is not a switch (as often portrayed) from a state-dependent view of development to a market-reliant view. Rather, it involves rejecting a "blood, sweat and tears" view of development in favour of...
Persistent link: https://www.econbiz.de/10010884495