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Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009

This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...

Persistent link: https://www.econbiz.de/10003909263

Can the UAE avoid the oil curse by economic diversification?

Haouas, Ilham; Heshmati, Almas - 2014

Recent research conclude that the GCC economies have failed to address the oil curse. They are far behind other countries, especially those in the G7, which possess huge reserves of oil wealth but have undertaken economic diversification to correct the ill-effects of an oil curse. This paper...

Persistent link: https://www.econbiz.de/10010252644

An empirical growth model for major oil exporters

Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2012

Venezuela), plus Indonesia which is a former member, and Mexico and Norway, which are members of the OECD. Overall, the test … income is established for six of the nine economies considered. The exceptions, Mexico and Norway, do not possess sufficient … reserves of Mexico and Norway are expected to last 9 and 10 years respectively, as compared to reserve-production ratios of …

Persistent link: https://www.econbiz.de/10009535794

What remains after the oil boom is over?

Jelnov, Pavel - 2019

This paper links between Beckerian literature that shows that marriage is a normal good with respect to male income and the literature that explores cultural changes as a result of exogenous events. I use the oil crisis of the 1970s as a positive shock on some males. The analyzed outcome is...

Persistent link: https://www.econbiz.de/10012005460

Who benefits from local oil and gas employment? : labor market composition in the oil and gas industry in Texas

Cai, Zhengyu; Maguire, Karen; Winters, John V. - 2019

This paper examines local labor market outcomes from an oil and gas boom in Texas. We examine two main outcomes across gender, race, and ethnicity: the probability of employment in the oil and gas industry and the log wages of workers employed outside the oil and gas industry. We find that men...

Persistent link: https://www.econbiz.de/10012015844

North-South trade liberalization and returns to skill in the south : the case of Mexico

Hazarika, Gautam (contributor); Otero, Rafael (contributor) - 2008

This study examines the effect of NAFTA, an instance of North-South trade liberalization, on returns to skill in Mexico …. Mexico is abundant in low-skill workers relative to the US and Canada, and so, by the Hecksher-Ohlin-Samuelson trade model …, NAFTA ought to have raised the relative earnings of low-skill workers, that is, lowered returns to skill in Mexico. Analysis …

Persistent link: https://www.econbiz.de/10003771056

Adding rungs to the exporting ladder : plant-level exporting dynamics and total factor productivity growth

Voicu, Alexandru (contributor) - 2008

We use panel data on Mexican manufacturing plants to study the dynamics of plant-level exporting activity at both the extensive and the intensive margins and the connection between exporting dynamics and plant-level total factor productivity growth. We find that exporting activity has a ladder...