Showing 1 - 10 of 97
This essay reviews the relationship between natural-resource abundance and economic growth around the world, and … presents some new results. The principal reasons why resource-based production can inhibit economic growth over long periods … the labour force is inversely related to per capita growth across countries. None of this lies in the nature of things …
Persistent link: https://www.econbiz.de/10011397924
Rainfall is a truly exogeneous variable and hence popular as an instrument for many outcomes. But by its very nature …, rainfall in nearby areas tends to be correlated. I show theoretically that if there are also spatial trends in outcomes of …
Persistent link: https://www.econbiz.de/10010528337
This paper adopts an instrumental variable approach to uncover the impact of variations in minimum temperature on emergence and severity of actual violence through the effect on food availability, captured by rice crops per capita. The link between increase in minimum temperature and rice crops...
Persistent link: https://www.econbiz.de/10010250125
This paper suggests that societies exhibiting a large degree of educational polarization among its populace are systematically more likely to slip into civil conflict and civil war. Intuitively, political preferences and beliefs of highly educated citizens are likely to differ fundamentally from...
Persistent link: https://www.econbiz.de/10011581261
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/10011588047
A new dataset by Bazzi and Blattman (2014) allows examining the effects of international commodity prices on the risk of civil war outbreak with more comprehensive data. I find that international commodity price downturns sparked civil wars in Sub-Saharan Africa. Another finding with the new...
Persistent link: https://www.econbiz.de/10011789237
economic, social and political system, leading to a more rapid post-war growth. Until now little research exists tackling …
Persistent link: https://www.econbiz.de/10009786203
Capital flow and commodity cycles have long been connected with economic crises. Sparse historical data, however, has made it difficult to connect their timing. We date turning points in global capital flows and commodity prices across two centuries and provide estimates from alternative data...
Persistent link: https://www.econbiz.de/10011421571
This paper adopts a VAR-GARCH approach to model the dynamic linkages between both the mean and the variance of macro news and commodity returns (Gold, Corn, Wheat, Soybeans, Silver, Platinum, Palladium, Copper, Aluminium and Crude Oil) over the period 01/01/2001-26/09/2014. The chosen...
Persistent link: https://www.econbiz.de/10011346863
We develop a simple model that highlights the costs and benefits of fixed exchange rates as they relate to trade, and show that negative export-price shocks reduce fiscal revenue and increase the likelihood of an expected currency devaluation. Using a new high-frequency data set on...
Persistent link: https://www.econbiz.de/10011568741