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Are Natural Resources Cursed? An Investigation of the Dynamic Effects of Resource Dependence on Institutional Quality
De Rosa, Donato - 2017
government effectiveness in Russia than in Canada, a country with a comparable resource endowment but far better overall …
Persistent link: https://www.econbiz.de/10012975086
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The"Resource Curse"In MENA? Political Transitions, Resource Wealth, Economic Shocks, and Conflict Risk
Ross, Michael L. - 2017
The recent political upheavals in the Middle East and North Africa region have exposed growing concerns about conflict risk, political stability, and reform prospects across its societies. Given the prevalence of oil and gas resource endowments in the region, which a voluminous literature...
Persistent link: https://www.econbiz.de/10012975862
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The Political Economy of Direct Dividend Transfers in Resource-Rich Countries : A Theoretical Consideration
McGuirk, Eoin - 2017
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 distributing annually a share of resource...
Persistent link: https://www.econbiz.de/10012969966
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Do Resource-Rich Countries Suffer from a Lack of Fiscal Discipline?
Bleaney, Michael - 2017
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/10012970120
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Containing Volatility : Windfall Revenues for Resource-Rich Low-Income Countries
Dobronogov, Anton - 2017
An abundance of natural resources is both an opportunity and a challenge for developing countries. Several resource-rich, low-income countries receive amounts of foreign aid that are similar to or larger than their actual or potential revenues from natural resources. In such countries, the...
Persistent link: https://www.econbiz.de/10012973033
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Evidence for a Presource Curse? Oil Discoveries, Elevated Expectations, and Growth Disappointments
Cust, James Frederick - 2017
Oil discoveries can constitute a major positive and exogenous shock to economic activity, but the resource curse hypothesis would suggest they might also be detrimental to growth over the long run. This paper utilizes a new methodology for estimating growth underperformance to examine the extent...
Persistent link: https://www.econbiz.de/10012951503
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Nigeria's Growth Record : Dutch Disease or Debt Overhang?
Pang, Gaobo - 2016
Nigeria's oil boom has not brought an end to perennial stagnation in the non-oil economy. Is this the unavoidable consequence of the resource boom or have misguided policies contributed? This paper indicates that the extreme volatility of expenditure rather than Dutch Disease effects are behind...
Persistent link: https://www.econbiz.de/10012747716
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Potential Growth : Outlook and Options for the Russian Federation
Okawa, Yoki - 2018
the baseline scenario, Russia's potential growth is expected to continue its gradual downward trend, from 1.5 percent in … Russia's potential growth rate to 3.0 percent by 2028. Under the assumptions discussed in the paper, pension reform … increase in Russia's potential growth rate. Potential growth is found to be most sensitive to changes in total factor …
Persistent link: https://www.econbiz.de/10012907090
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Budget Rules and Resource Booms : A Dynamic Stochastic General Equilibrium Analysis
Devarajan, Shantayanan - 2017
This paper develops a dynamic stochastic general equilibrium model to analyze and derive simple budget rules in the face of volatile public revenue from natural resources in a low-income country like Niger. The simulation results suggest three policy lessons or rules of thumb. When a resource...
Persistent link: https://www.econbiz.de/10012972940
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Demystifying Dutch Disease
Kojo, Naoko C. - 2017
This paper examines the theory of Dutch disease and its implications for practical policy questions. Dutch disease is a term that is well-known to economists and development practitioners. But it is also a concept that is often conflated with "resource curse" and misinterpreted as a "disease"...
Persistent link: https://www.econbiz.de/10012972943