Am 30. August stellte Staatssekretär Wolf-Michael Catenhusen vom Bundesministerium für Bildung und Forschung(BMBF) die Buchfassung des ersten Berichts zur sozioökonomischen Entwicklung in Deutschland vor.1 Die nachstehendeKurzfassung des Einleitungskapitels gibt wichtige Ergebnisse des...

We discuss political economy mechanisms which can explain the resource curse,in which an increase in the size of resource rents causes a decrease in the economy’stotal value added. We identify a number of channels through which resource rentswill alter the incentives of a political leader....

We use a two-country model with a central bank maximizing union-wide welfareand two fiscal authorities minimizing comparable, but slightly differentcountry-wide losses. We analyze the rivalry between the three authorities inseven static games. Comparing a homogeneous with a heterogeneous...