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We study the impact of natural resource royalties on educational outcomes in Colombia. We analyze a reform enacted in … 2012 that made the distribution of these royalties more equitable. Before the reform, most royalties were assigned to the … regions where the natural resources were exploited; with the reform non-producing regions started to receive royalties. We …
Persistent link: https://www.econbiz.de/10014495940
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/10009737195
Do resource-extraction booms crowd out postsecondary education? We explore this question by examining the higher … education-related decisions of Chilean high school graduates during the 2000s commodities boom. We find mineral extraction … increases a person's likelihood of enrolling in postsecondary technical education while reducing the likelihood of completing a …
Persistent link: https://www.econbiz.de/10014494627
Persistent link: https://www.econbiz.de/10012387121
The relationship between the abundance of natural resources and socio-economic performance has been a main object of study in the economic development field since Adam Smith. Dominated by the verification of the so called curse of natural resource, the mainstream literature on the topic has been...
Persistent link: https://www.econbiz.de/10011286241
Persistent link: https://www.econbiz.de/10012387124
In this paper we document the stylized facts about the relationship between international oil price swings, sovereign risk and macroeconomic performance of oil-exporting economies. We show that even though being a bigger oil producer decreases sovereign risk–because it increases a...
Persistent link: https://www.econbiz.de/10011950480
Persistent link: https://www.econbiz.de/10009634584
We reconsider the relationship between oil and conflict, focusing on the location of oil resources. In a panel of 132 countries over the period 1962-2009, we show that oil windfalls increase the probability of conflict in onshore-rich countries, while they decrease this probability in...
Persistent link: https://www.econbiz.de/10011596256
Persistent link: https://www.econbiz.de/10012805579