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Natural Resource Abundance and Economic Growth
Sachs, Jeffrey D.; Warner, Andrew M. - 2021
One of the surprising features of modern economic growth is that economies with abundant natural resources have tended to grow less rapidly than natural-resource-scarce economies. In this paper we show that economies with a high ratio of natural resource exports to GDP in 1971 (the base year)...
Persistent link: https://www.econbiz.de/10013235583
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The Political Resource Curse
Brollo, Fernanda - 2010
politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … features of political candidates at the municipal level. In accordance with the predictions of the theory, we find that larger …
Persistent link: https://www.econbiz.de/10013148374
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Resource Curse or Debt Overhang?
Manzano, Osmel E; Rigobon, Roberto - 2021
It has been widely believed that resource abundant economies grow less than other economies. In a very influential paper, Sachs and Warner (1997), point out that there is a negative relationship between resource abundance and growth. Two important econometric problems are present in the...
Persistent link: https://www.econbiz.de/10013224854
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The Natural Resource Curse : A Survey
Frankel, Jeffrey A. - 2010
It is striking how often countries with oil or other natural resource wealth have failed to grow more rapidly than those without. This is the phenomenon known as the Natural Resource Curse. The principle has been borne out in some econometric tests of the determinants of economic performance...
Persistent link: https://www.econbiz.de/10013145250
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Resources, Conflict, and Economic Development in Africa
Adhvaryu, Achyuta - 2020
Natural resources have driven both growth and conflict in modern Africa. We model the interaction of parties engaged in potential conflict over such resources. The likelihood of conflict depends on both the absolute and relative resource endowments of the parties. Resources fuel conflict by...
Persistent link: https://www.econbiz.de/10012832312
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The Geography of Inter-State Resource Wars
Caselli, Francesco - 2013
geographic location for inter-State conflict. The main predictions of the theory are that conflict tends to be more likely when …
Persistent link: https://www.econbiz.de/10013083090
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Pareto Optimality in the Extraction of Fossil Fuels and the Greenhouse Effect : A Note
Sinn, Hans-Werner - 2007
This note generalizes the Solow-Stiglitz efficiency condition for natural resources to the problem of fossil fuel extraction with a greenhouse effect. The generalized optimality condition suggests that the greenhouse effect implies overextraction in the sense of leaving future generations a...
Persistent link: https://www.econbiz.de/10012775909
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Resource Concentration and Civil Wars
Morelli, Massimo - 2014
points) is identified. The theory predicts war to be more likely when resource and group concentration are high, and the …
Persistent link: https://www.econbiz.de/10013053845
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An Alternative Interpretation of the 'Resource Curse' : Theory and Policy Implications
Hausmann, Ricardo; Rigobon, Roberto - 2021
The existence of a natural resource curse has been a longstanding theme in the economic literature and in policy discussions. We propose an alternative mechanism and study its policy implications. The mechanism is based on the interaction between two building blocks: specialization in...
Persistent link: https://www.econbiz.de/10013235591
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A Dynamic Theory of Resource Wars
Acemoglu, Daron - 2011
We develop a dynamic theory of resource wars and study the conditions under which such wars can be prevented. The … our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result …
Persistent link: https://www.econbiz.de/10013131444