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Finders, Keepers?
Jaakkola, Niko - 2016
Natural-resource taxation and investment exhibit cycles in a vast number of countries, driving political turmoil and power shifts. Using a rational-expectations model, we show cycles result from governments' inability to commit to future taxes and firms' inability to credibly exit a country...
Persistent link: https://www.econbiz.de/10012986681
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A Spatial Approach to Energy Economics
Moreno Cruz, Juan Bernardo - 2014
We develop a spatial model of energy exploitation where energy sources are differentiated by their geographic location and energy density. The spatial setting creates a scaling law that magnifies the importance of differences across energy sources. As a result, renewable sources twice as dense,...
Persistent link: https://www.econbiz.de/10013064302
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The Taxation of Exhaustible Resources
Dasgupta, Partha; Heal, Geoffrey M.; Stiglitz, Joseph E. - 2021
This paper analyzes the effect of taxation on the intertemporal allocation of an exhaustible resource. A general framework within which a large variety of taxes can be analyzed is developed and then applied to a number of specific taxes. It is shown that there exists a pattern of taxation which...
Persistent link: https://www.econbiz.de/10013240662
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Optimal Resource Extraction Contracts Under Threat of Expropriation
Engel, Eduardo M. R. A. - 2010
The government contracts with a foreign firm to extract a natural resource that requires an upfront investment and which faces price uncertainty. In states where profits are high, there is a likelihood of expropriation, which generates a social cost that increases with the expropriated value. In...
Persistent link: https://www.econbiz.de/10012759601
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Demand Conditions and Worker Safety : Evidence from Price Shocks in Mining
Charles, Kerwin Kofi - 2019
of increasing safety rather than production. We study the U.S. metals mining sector, leveraging exogenous demand shocks …
Persistent link: https://www.econbiz.de/10012860447
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The Long Run Effects of Labor Migration on Human Capital Formation in Communities of Origin
Dinkelman, Taryn - 2016
We provide new evidence of one channel through which circular labor migration has long run effects on origin communities: by raising completed human capital of the next generation. We estimate the net effects of migration from Malawi to South African mines using newly digitized Census and...
Persistent link: https://www.econbiz.de/10012997877
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Mining and Quasi-Option Value
Costello, Christopher - 2015
damage. As expected, when the environmental damage from mining is known, the socially optimal timing will depend on the … mining until better information arrives. We show conditions under which it is optimal to postpone the mining decision … marginal mine owner is completely indifferent between mining immediately and at any point in the future. Thus, for our problem …
Persistent link: https://www.econbiz.de/10013019516
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Entrepreneurship and Urban Growth : An Empirical Assessment with Historical Mines
Glaeser, Edward L. - 2014
mining deposits is associated with bigger firms and fewer start-ups in the middle of the 20th century. We use mines as an … cold and warm regions alike and in industries that are not directly related to mining, such as trade, finance and services …
Persistent link: https://www.econbiz.de/10013065603
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Training Disadvantaged Youth in Latin America : Evidence from a Randomized Trial
Attanasio, Orazio - 2010
Youth unemployment in Latin America is exceptionally high, as much as 50% among the poor. Vocational training may be the best chance to help unemployed young people at the bottom of the income distribution. This paper evaluates the impact of a randomized training program for disadvantaged youth...
Persistent link: https://www.econbiz.de/10012759391
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The Baring Crisis and the Great Latin American Meltdown of the 1890s
Mitchener, Kris James - 2010
The Baring Crisis is the nineteenth century's most famous sovereign debt crisis. Few studies, however, have attempted to understand the extent to which the crisis mattered for countries other than Argentina and England. Using a new database consisting of more than 15,000 observations of weekly...
Persistent link: https://www.econbiz.de/10012759835