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Cost-reducing R&D in the presence of an appropriation alternative: An application to the natural resource curse
Martin Puzon, Klarizze Anne - 2013
This study proposes a new mechanism for the resource curse: crowding-out of innovation due to the existence of an option to engage in conflict. Using a game theoretical framework, it is argued that an increase in the amount of natural resources (in the informal sector here conflict for a...
Persistent link: https://www.econbiz.de/10010294309
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Why are the stakes so high? Misconceptions and misunderstandings in China's global quest for energy security
Zhang, ZhongXiang - 2012
China's global quest for resources, in particular oil and natural gas, has received unprecedented worldwide attention … and scrutiny. This is partly because of China's own high-profile, active energy diplomacy, its national oil companies …' acquisitions in the key exporting regions of oil and natural gas and some debatable issues about the management and operation of …
Persistent link: https://www.econbiz.de/10010294307
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Environmental security and its implications for China's foreign relations
Mochizuki, Junko; Zhang, ZhongXiang - 2011
China's emerging standing in the world demands a major rethinking of its diplomatic strategies. Given its population size, geographical scale, economic power and military presence, China is poised to play a larger political role in the twenty-first century, and is thus perceived by the...
Persistent link: https://www.econbiz.de/10010279462
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On the Timing of Political Regime Changes: Theory and Application to the Arab Spring
Boucekkine, Raouf; Prieur, Fabien; Puzon, Klarizze - 2014
We develop a continuous time dynamic game to provide with a benchmark theory of Arab Spring-type events. We consider a resource-dependent economy with two interacting groups, the elite vs. the citizens, and two political regimes, dictatorship vs. a freer regime. Transition to the freer regime...
Persistent link: https://www.econbiz.de/10010491249
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The Social Contract in the MENA Region and the Energy Sector Reforms
Brzuszkiewicz, Sara - 2017
During the last few years and because of the low oil prices in particular, the increasing awareness of the …
Persistent link: https://www.econbiz.de/10011662414
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Resource-Abundance and Economic Growth in the U.S.
Papyrakis, Elissaios; Gerlagh, Reyer - 2004
It is a common assumption that regions within the same country converge to approximately the same steady-state income levels. The so-called absolute convergence hypothesis focuses on initial income levels to account for the variability in income growth among regions. Empirical data seem to...
Persistent link: https://www.econbiz.de/10011324936
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Natural Resources, Investment and Long-Term Income
Papyrakis, Dlisraios; Gerlagh, Reyer - 2004
We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment channel. We first present empirical evidence on this channel and then develop an OverLapping-Generations (OLG) model to study the issue. In this model, savings adjust...
Persistent link: https://www.econbiz.de/10011324959
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Natural Resources, Innovation, and Growth
Papyrakis, Elissaios; Gerlagh, Reyer - 2004
This paper investigates the connection between resource abundance and innovation, as a transmission mechanism that can elucidate part of the resource curse hypothesis; i.e. the observed negative impact of resource wealth on income growth. We develop a variation of the Ramsey-Cass-Koopmans model...
Persistent link: https://www.econbiz.de/10011324996
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Natural Resources: A Blessing or a Curse?
Papyrakis, Elissaios; Gerlagh, Reyer - 2003
We examine empirically the effect of natural resource abundance on economic growth. We find that natural resources have a negative impact on growth when considered in isolation, but a positive impact on growth when including in the analysis other variables such as corruption, investments,...
Persistent link: https://www.econbiz.de/10011325038
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Oil revenues, ethnic fragmentation and political transition of authoritarian regimes
Cologni, Alessandro; Manera, Matteo - 2012
explores the impact that oil revenues have on the establishment of a given political system. Based on previous literature, a … political economy perspective is employed. A simple game theoretical approach in order to explain the relationships between oil … oil-rich authoritarian nations. Since governments prefer to remain nondemocratic, in order to prevent internal conflicts …
Persistent link: https://www.econbiz.de/10010282974