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Natural resources: Curse or blessing?
van der Ploeg, Frederick - 2010
Are natural resources a 'curse' or a 'blessing'? The empirical evidence suggests either outcome is possible. The paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a resource...
Persistent link: https://www.econbiz.de/10010270490
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Battle for Climate and Scarcity Rents: Beyond the Linear-Quadratic Case
Kagan, Mark; van der Ploeg, Frederick; Withagen, Cees A. - 2014
The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...
Persistent link: https://www.econbiz.de/10010435786
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Pareto optimality in the extraction of fossil fuels and the greenhouse effect: a note
Sinn, Hans-Werner - 2007
to man-made capital. This judgment is independent of society's ethical preferences concerning the well-being of future …
Persistent link: https://www.econbiz.de/10010264197
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Public policies against global warming
Sinn, Hans-Werner - 2007
finance measures, constant unit carbon taxes and source taxes on capital income for resource owners stand out. …
Persistent link: https://www.econbiz.de/10010264200
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Aggressive oil extraction and precautionary saving: Coping with volatility
van der Ploeg, Frederick - 2010
The effects of stochastic oil demand on optimal oil extraction paths and tax, spending and government debt policies are analyzed when the oil demand schedule is linear and preferences quadratic. Without prudence, optimal oil extraction is governed by the Hotelling rule and optimal budgetary...
Persistent link: https://www.econbiz.de/10010270525
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Follow the Money: Does the Financial Sector Intermediate Natural Resource Windfalls?
Beck, Thorsten; Poelhekke, Steven - 2017
The need to absorb windfalls gains and manage them appropriately has been discussed extensively by academics and policy makers alike. We explore the role of the financial sector in intermediating these windfalls. Controlling for the level of financial development, inflation, GDP growth and...
Persistent link: https://www.econbiz.de/10011615929
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Prices vs. quantities and the intertemporal dynamics of the climate rent
Kalkuhl, Matthias; Edenhofer, Ottmar - 2010
This paper provides a formal survey of price and quantity instruments for mitigating global warming. We explicitly consider policies' impact on the incentives of resource owners who maximize their profits intertemporally. We focus on the informational and commitment requirements of the...
Persistent link: https://www.econbiz.de/10010270640
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Unilateral climate policy, asymmetric backstop adoption, and carbon leakage in a two-region hotelling model
van der Werf, Edwin - 2010
We study backstop adoption and carbon dioxide emission paths in a two-region model with unilateral climate policy and non-renewable resource consumption. The regions have an equal endowment of the internationally tradable resource and a backstop technology. We first study the case of a...
Persistent link: https://www.econbiz.de/10010277194
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Do We Still Need Carbon-Intensive Capital When Transitioning to a Green Economy?
Jin, Wei; van der Ploeg, Rick; Zhang, Lin - 2020
-intensive capital is not necessarily shut down during transition to a green economy. Without accumulating clean capital to offset carbon … emissions, a tightening of climate regulation leads to the running down of carbon-intensive capital. However, if climate … regulations induce stepping-up of carbon-free capital to offset warming damages, the economic value of carbon-intensive capital …
Persistent link: https://www.econbiz.de/10012425651
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Fickle Fossils. Economic Growth, Coal and the European Oil Invasion, 1900-2015
Fritzsche, Miriam; Wolf, Nikolaus - 2023
capital accumulation contributed to this reversal of fortune and fully explains the negative effects until today. Moreover, we …
Persistent link: https://www.econbiz.de/10014469738