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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/10012960101
demand for natural gas creating gas-specific pricing. Using the model to infer relative values when evidence favors …
Persistent link: https://www.econbiz.de/10013026625
the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and …
Persistent link: https://www.econbiz.de/10010721610
spatial resolution of 0.5o x 0.5o for all Africa over 1997-2010. Exploiting exogenous variations in world prices, we find a …-cycle) explains 15-25 percent of average country-level violence in Africa. We then document how the appropriation of a mining area by …
Persistent link: https://www.econbiz.de/10013019854
Oil and gas reserves are the most important assets of oil and gas companies. A source of confusion for investors in oil companies is that reserves quantities and values are uncertain estimates. Reserves are typically classified according to probabilities of recovery from underground reservoirs....
Persistent link: https://www.econbiz.de/10012999671
We reconsider the relationship between oil and conflict, focusing on the location of oil resources. In a panel of 132 countries over the period 1962-2009, we show that oil windfalls increase the probability of conflict in onshore-rich countries, while they decrease this probability in...
Persistent link: https://www.econbiz.de/10012960998
This essay reviews the conceptual and quantitative literature on the efficient system of fossil fuel energy prices in different countries for reflecting supply and environmental costs, as well as the environmental, fiscal, and economic benefits from energy price reform. Drawing on recent...
Persistent link: https://www.econbiz.de/10012961080
consequently impact current supply. Bleaker demand prospects tend to accelerate resource extraction. A more pessimistic outlook for … future demand may, however, slow down the early resource extraction of producers with sufficiently large resource stocks and … response to bleaker demand prospects, producers with sufficiently large resource stocks will reduce their current supply. A …
Persistent link: https://www.econbiz.de/10013059498
consequently impact current supply. Bleaker demand prospects tend to accelerate resource extraction. A more pessimistic outlook for … future demand may, however, slow down the early resource extraction of producers with sufficiently large resource stocks and … response to bleaker demand prospects, producers with sufficiently large resource stocks will reduce their current supply. A …
Persistent link: https://www.econbiz.de/10010734335
We study whether the spatial distribution of natural resources across different ethnic groups within countries impede spatial inequality, national economic performance, and the incidence of armed conflict. By providing a theoretical rent-seeking model and analysing a set of geocoded data for...
Persistent link: https://www.econbiz.de/10012962986