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The productivity of the world's natural resources is critically dependent on a variety of highly uncertain factors …
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This paper reviews resource sector developments in 12 countries in Sub-Saharan Africa that made their first (major) petroleum discoveries during the most recent commodity boom. The analysis, which goes back to 2001, looks at sector forecasts of international organizations, governments, and...
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Major oil and gas discoveries are often associated with excitement and jubilation among citizens and government officials. But the extent to which discoveries substantially alter citizen expectations about economic conditions in a country remains an open question. The paper combines...
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countries. This leads to incorrect measures of total factor productivity growth. Using data on natural resources from the World … total factor productivity growth across all country income classes and regions of the world when compared with the … volatile over time in the great majority of countries compared with the traditional approach. The availability of World Bank …
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This paper studies future poverty, inequality, and shared prosperity outcomes using a panel data set with 150 countries over 1980-2014. The findings suggest that global extreme poverty will decrease in absolute and relative terms in the period 2015-2030. However, absolute poverty is likely to...
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