Showing 1 - 10 of 38
We use three different measures of fractionalization (with varying potential for members of one fraction to … combination of ethnic fractionalization and resource wealth seems to translate into a greater risk of war, but the same is not … true for linguistic and religious fractionalization. This is consistent with the “greed hypothesis” as a driver of conflict …
Persistent link: https://www.econbiz.de/10008670366
The Arab Spring has led to very different outcomes across the Arab world. I present a highly stylized model of the Arab Spring to better understand these differences. In this model, dictators from the ethnic or religious majority group concede power if their country is oil-poor, but can stay in...
Persistent link: https://www.econbiz.de/10010820271
In this paper we examine the claim that natural resources invite civil conflict, and challenge the main stylized facts in this literature. We find that the conventional measure of resource dependence is endogenous with respect to conflict, and that instrumenting for dependence implies that it is...
Persistent link: https://www.econbiz.de/10008670342
We analyze a power struggle about the control of natural resources where competing factions in society have a private stock of financial assets and a common stock of natural resources with inadequately defined private property rights. We solve a dynamic common-pool problem and obtain political...
Persistent link: https://www.econbiz.de/10008670341
For a country fractionalized in competing factions, each owning part of the stock of naturalexhaustible resources, or 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...
Persistent link: https://www.econbiz.de/10008670351
This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign...
Persistent link: https://www.econbiz.de/10010551665
We provide evidence that institutions strongly influence where investors drill for oil and gas. At national borders, investors drill on the side with better institutionalquality two times out of three. To identify the effect of institutions, we utilise a global data set on the location of...
Persistent link: https://www.econbiz.de/10011071722
The paper studies the long-run effects of shocks to resource rents on the economy using a structural vector error correction model for 37 developing countries. First, the long-run relations involving resource rents and the economy differ for resource importers and exporters. Second, there is an...
Persistent link: https://www.econbiz.de/10010630846
GDP growth in the GCC has been considerably higher than in advanced economies or other oil exporters since 1986. The paper shows that the GCC countries have swiftly accumulated large stocks of physical capital but the population increase and the shift away from oil meant that capital intensity...
Persistent link: https://www.econbiz.de/10010575198
Why do armed groups sometimes coerce and sometimes not? Civilian suffering due to coercion in conflicts is larger; yet, anecdotal evidence suggests that armed groups often choose not to coerce. To explain the observed variation in coercive practices, I combine a two-sector specific-factos trade...
Persistent link: https://www.econbiz.de/10010678458