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Privatization and nationalization cycles
Chang, Roberto - 2009
"This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present illustrative case studies. Our main contribution is then...
Persistent link: https://www.econbiz.de/10011394323
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Privatization and Nationalization Cycles
Chang, Roberto - 2010
This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present illustrative case studies. Our main contribution is then...
Persistent link: https://www.econbiz.de/10012462530
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Resource Windfalls, Political Regimes, and Political Stability
Caselli, Francesco - 2011
We study theoretically and empirically whether natural resource windfalls affect political regimes. We document the following regularities. Natural resource windfalls have no effect on the political system when they occur in democracies. However, windfalls have significant political consequences...
Persistent link: https://www.econbiz.de/10012461056
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Optimal Resource Extraction Contracts Under Threat of Expropriation
Engel, Eduardo - 2008
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/10012464906
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Social Structure and Conflict : Evidence from Sub-Saharan Africa
Robinson, James A.; Robinson, James A.; Nunn, Nathan - 2018
to conflict and civil war. Ethnographic accounts suggest that in segmentary lineage societies, which are characterized by … individuals. We test for this link between segmentary lineage and conflict across 145 African ethnic groups in sub-Saharan Africa …-documented relationship between adverse rainfall shocks and conflict within Africa is only found within segmentary lineage societies …
Persistent link: https://www.econbiz.de/10012453504
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Resources, Conflict, and Economic Development in Africa
Adhvaryu, Achyuta - 2018
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 raising the gains from expropriation and by increasing fighting strength …
Persistent link: https://www.econbiz.de/10012453405
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On the Ethnic Origins of African Development Chiefs and Pre-colonial Political Centralization
Michalopoulos, Stelios - 2014
We report on recent findings of a fruitful research agenda that explores the importance of ethnic-specific traits in shaping African development. First, using recent surveys from Sub-Saharan African countries, we document that individuals identify with their ethnic group as often as with the...
Persistent link: https://www.econbiz.de/10012458154
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Resolving the African Financial Development Gap : Cross-Country Comparisons and a Within-Country Study of Kenya
Allen, Franklin - 2012
With extensive country- and firm-level data sets we first document that the financial sectors of most sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. We also find that population density appears to be considerably more important...
Persistent link: https://www.econbiz.de/10012460646
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Colonialism and Economic Development in Africa
Heldring, Leander; Robinson, James A. - 2012
In this paper we evaluate the impact of colonialism on development in Sub-Saharan Africa. In the world context, colonialism had very heterogeneous effects, operating through many mechanisms, sometimes encouraging development sometimes retarding it. In the African case, however, this...
Persistent link: https://www.econbiz.de/10012460094
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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/10012462796