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Rapacious Resource Depletion and Excessive Investment Fuelled by Rival Factions and Insecure Property Rights
Ploeg, Frederick van der - Oxford Centre for the Analysis of Resource-Rich … - 2009
with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We … allow property rights to improve as the country transforms natural resources into capital. The ensuing power struggle about … result, the country substitutes away from resources to capital too rapidly and invests more than predicted by the Hartwick …
Persistent link: https://www.econbiz.de/10008670351
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Why Do Many Resource-Rich Countries Have Negative Genuine Saving?
Ploeg, Frederick van der - Oxford Centre for the Analysis of Resource-Rich … - 2008
less than the marginal resource rents equals the expected capital gains on reserves of natural resources plus the expected … up with lower sustainable consumption and are worse off, especially if seepage is strong, the number of rival groups is …
Persistent link: https://www.econbiz.de/10008670361
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Voracious Transformation of a Common Natural Resource into Productive Capital
Ploeg, Frederick van der - Oxford Centre for the Analysis of Resource-Rich … - 2008
. As a result, the country substitutes away from resources to capital too rapidly so that it saves and invests more than a … rapid accumulation of physical capital. World Bank measures of genuine saving are likely to be over-estimated. This …
Persistent link: https://www.econbiz.de/10008670341
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Managing the Exploitation of Natural Assets: Lessons for low income countries
Collier, Paul; Venables, Anthony J - Oxford Centre for the Analysis of Resource-Rich … - 2008
This paper provides an analytic review of the upstream aspects of the exploitation of natural resources: the assignment of ownership rights, taxation, the discovery process, extraction, renewability, and clean-up. It sets these issues within the principal-agent framework. It proposes that the...
Persistent link: https://www.econbiz.de/10008670337
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Managing Resource Revenues: Lessons for low income countries
Collier, Paul; Venables, Anthony J - Oxford Centre for the Analysis of Resource-Rich … - 2008
This paper explores the choices faced by developing country governments that have received substantial revenues from natural resources. The economic principles underlying the choices between consumption, domestic investment, and the accumulation of foreign assets are analysed. The priority...
Persistent link: https://www.econbiz.de/10008670356
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Battle for Climate and Scarcity Rents: Beyond the linear-quadratic case
Kagan, Mark; Ploeg, Frederick van der; Withagen, Cees - Oxford Centre for the Analysis of Resource-Rich … - 2015
Industria imports oil, produces final goods and wishes to mitigate global warming. Oilrabia exports oil and buys final goods from the other country. Industria uses the carbon tax to impose an import tariff on oil and steal some of Oilrabia’s scarcity rent. Conversely, Oilrabia has monopoly...
Persistent link: https://www.econbiz.de/10011276407
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Guidelines for Exploiting Natural Resource Wealth
Ploeg, Frederick van der - Oxford Centre for the Analysis of Resource-Rich … - 2014
windfall until the country is ready to absorb extra spending on domestic investment. Capital scarcity implies that a positive …
Persistent link: https://www.econbiz.de/10010740582
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Challenges and Opportunities for Resource Rich Economies
Ploeg, Frederick van der - Oxford Centre for the Analysis of Resource-Rich … - 2008
The political economy of resource rich countries is surveyed. The empirical evidence suggests that countries with a large share of primary exports in GNP have bad growth records and high inequality, especially if the quality of institutions and the rule of law are bad. The economic argument that...
Persistent link: https://www.econbiz.de/10008670362
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The Elephant in the Ground: Managing oil and sovereign wealth
Bremer, Ton van den; Ploeg, Frederick van der; Wills, Samuel - Oxford Centre for the Analysis of Resource-Rich … - 2014
One of the most important developments in international finance and resource economics in the past twenty years is the rapid and widespread emergence of the $6 trillion sovereign wealth fund industry. Oil exporters typically ignore below-ground assets when allocating these funds, and ignore...
Persistent link: https://www.econbiz.de/10011004123
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The Local Economic Impacts of Natural Resource Extraction
Cust, James; Poelhekke, Steven - Oxford Centre for the Analysis of Resource-Rich … - 2015
Whether it is fair to characterize natural resource wealth as a curse is still debated. Most of the evidence derives from cross-country analyses, providing cases both for and against a potential resource curse. Scholars are increasingly turning to within-country evidence to deepen our...
Persistent link: https://www.econbiz.de/10011276412