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The "fiscal presource curse" : giant discoveries and debt sustainability

Ruzzante, Matteo; Souza Sobrinho, Nelson Ferreira - 2022

-2012, with a global repository of giant oil, gas, and mineral discoveries. We find strong and robust evidence of a 'fiscal … presource curse', id est, natural resources can jeopardize fiscal sustainability even before 'the first drop of oil is pumped …'. Specifically, we find that giant discoveries, mostly of oil and gas, lead to permanently higher government debt and, eventually …

Persistent link: https://www.econbiz.de/10013170580

Sharing resource wealth inclusively within and across generations

Pouokam, Nathalie - 2021

This paper discusses the main challenges faced by resource-rich nations in promoting equity; describes policy tools available for managing exhaustible natural resources; and analyzes the relationship between resource wealth and state fragility. It is argued that human capital accumulation,...

Persistent link: https://www.econbiz.de/10012604778

Economic impact of selected conflicts in the Middle East : what can we learn from the past?

Sab, Randa - 2014

Persistent link: https://www.econbiz.de/10010388846

Syria's conflict economy

Gobat, Jeanne; Kostial, Kristina - 2016

Five years into the ongoing and tragic conflict, the paper analyzes how Syria's economy and its people have been affected and outlines the challenges in rebuilding the economy. With extreme limitations on information, the findings of the paper are subject to an extraordinary degree of...

Persistent link: https://www.econbiz.de/10011711573

How Can Burundi Raise its Growth Rate? : The Impact of Civil Conflicts and State Interventionon Burundi'S Growth Performance

Basdevant, Olivier - 2009

Over the last thirty years Burundi''s low economic growth has led to a significant decline in per capita GDP. The purpose of this paper is to shed light on supply-side constraints that prevented Burundi''s economy from growing faster. Lack of investment, civil conflict, economic inefficiencies,...