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Countries that strike it rich when exploring for oil and gas often fail to see growth materialize. This paper shows that one way things can get messy is via squandering new wealth, based on future resource revenues, on arms imports. In the five years following a giant oil or gas discovery, arms...
Persistent link: https://www.econbiz.de/10012297208
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...
Persistent link: https://www.econbiz.de/10012296919
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...
Persistent link: https://www.econbiz.de/10012297222
The strong economic performance of Sub-Saharan Africa's resource-rich countries since the start of the 21st century has been celebrated as a return to more buoyant growth and renewed convergence with the advanced economies.Despite the recent progress in improving living standards and reducing...
Persistent link: https://www.econbiz.de/10012645556
The acceleration of natural resource discoveries across many parts of the developing world has highlighted the urgent need for solutions to the mismanagement of windfalls that has blighted many countries over the past half-century. One proposal involves istributing annually a share of resource...
Persistent link: https://www.econbiz.de/10012246401
Fiscal indicators for resource-rich and resource-poor low- and middle-income countries are compared using annual data from 1996 to 2012. Resource richness is defined by export composition: fuel greater than a 25 percent share and/or ores and metals greater than a 10 percent share. Fuel exporters...
Persistent link: https://www.econbiz.de/10012246484
This paper reviews the determinants of Latin America's uneven growth based on an accounting decomposition that breaks down countries' growth (relative to the world) into three trade-related channels: (i) an export pull measuring the traction exerted by the country's exports, (ii) an external...
Persistent link: https://www.econbiz.de/10012051845
Countries regularly track gross domestic product (GDP) as an indicator of their economic progress, but not wealth-the assets such as infrastructure, forests, minerals, and human capital that produce GDP. In contrast, corporations routinely report on both their income and assets to assess their...
Persistent link: https://www.econbiz.de/10012644094
This paper analyzes data on female and male entrepreneurship that were collected by the World Bank Group …'s Entrepreneurship Database. Recognizing the importance of a differentiated approach to entrepreneurship in terms of legal entities, the …. Forty-four of the 143 economies that participated in the Entrepreneurship project provided some sex-disaggregated data for …
Persistent link: https://www.econbiz.de/10012245521
Occupational sector selection is an important determinant of returns for female entrepreneurs. If sectors that are traditionally male owned could provide an opportunity to earn higher returns, then what factors could encourage women to cross over into these sectors or prevent them from doing so?...
Persistent link: https://www.econbiz.de/10012246157