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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
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The Political Resource Curse
Brollo, Fernanda - 2010
The paper studies the effect of additional government revenues on political corruption and on the quality of politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with endogenous entry of political candidates. The evidence...
Persistent link: https://www.econbiz.de/10012462947
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Natural Resource Abundance and Economic Growth
Sachs, Jeffrey D. - 1995
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/10012473469
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An Alternative Interpretation of the 'Resource Curse' : Theory and Policy Implications
Hausmann, Ricardo - 2003
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/10012469279
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Resource Curse or Debt Overhang?
Manzano, Osmel - 2001
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/10012470330
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Immigrant Entrepreneurship : New Estimates and a Research Agenda
Chodavadia, Saheel; Pekkala Kerr, Sari; Kerr, William R.; … - National Bureau of Economic Research - 2024
Immigrants contribute disproportionately to entrepreneurship in many countries, accounting for a quarter of new … employer businesses in the US. We review recent research on the measurement of immigrant entrepreneurship, the traits of …
Persistent link: https://www.econbiz.de/10014544679
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Partisan Entrepreneurship
Engelberg, Joseph; Guzman, Jorge; Lu, Runjing; Mullins, … - National Bureau of Economic Research - 2022
, we find that 6% of Republicans and 4% of Democrats become entrepreneurs. This partisan entrepreneurship gap is time …-varying: Republicans increase their relative entrepreneurship during Republican administrations and decrease it during Democratic … entrepreneurship around the elections of President Obama and President Trump, and the strongest effects among the most politically …
Persistent link: https://www.econbiz.de/10013334466
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News Shocks in Open Economies : Evidence from Giant Oil Discoveries
Arezki, Rabah - 2015
This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output-the delay between a discovery and production is on average 4 to 6 years. We first...
Persistent link: https://www.econbiz.de/10012457809
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Demographics and Entrepreneurship
Liang, James - 2014
Entrepreneurship requires energy and creativity as well as business acumen. Some factors that contribute to … entrepreneurship may decline with age, but business skills increase with experience in high level positions. Having too many older … workers in society slows entrepreneurship. Older workers do not possess the advantages of youth, but more significant is that …
Persistent link: https://www.econbiz.de/10012458161
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Tracing Sustainability in the Long Run : Genuine Savings Estimates 1850 - 2018
McLaughlin, Eoin; Ducoing, Cristián; Oxley, Les - National Bureau of Economic Research - 2023
We introduce a new database of historical Genuine Savings (GS), an indicator of sustainable development promoted by the World Bank and widely used in contemporary economic research. GS derives from the theoretical work on wealth accounting, and addresses shortcomings in conventional metrics of...
Persistent link: https://www.econbiz.de/10014250172