The Theory of the Second Best implies that any country with less-than-ideal resources can lose from international trade. Recently it has been suggested this means the South (poor countries) are better off suppressing trade with the North, especially trade in natural resource products, since the...

Several recent papers suggest that the negative association between natural resource intensity and economic growth can be reversed if institutional quality is high enough. We try to understand this result in more detail by decomposing the resource measure, using alternative measures of both...

This paper shows that whether natural resources are good or bad for a country's development depends crucially on the interaction between institutional setting and the type of resources that the country possesses. Some natural resources are for economical and technical reasons more likely to...

This paper decomposes the resource curse and its potential reversal in three important dimensions; type of resource, type of institutional measure, and time. Studying components of primary exports we find that the curse is (to various degrees) present for all components but that its possible...

El presente trabajo pretende resumir los aspectos positivos de la relación comercial y de inversión de China en América Latina y evaluar si la región podría contar con ésta, de una manera relativamente estable. Con ese fin se hará una evaluación de la evolución reciente de la economía...

The world economy has been greatly affected by the current recession. All countries have suffered regardless of their level of development. Given that global problems require global solutions, world powers have met at summits of the G-20 forum, in order to determine the causes of the recession...

Federal renewable energy R&D spending is intended, at least in part, to achieve path-breaking commercial breakthroughs in ethanol, hydrogen, solar and wind energy. Recently, the private sector has begun to respond to market opportunities generated by the spike in oil prices and governmental...

The paper contributes towards improving the understanding over the potential of bioeconomy by focusing on a regional context. The study is realised by applying a combination of PESTEL analysis, resource analysis and analysing true and potential cases with high bioeconomy relevance and potential...

In this paper we wish to fix and underline the nature, causes and effects of the so called “theoretical limitations” of standard economics related to environment, without losing the focus on the impact – both present and potential – that this may have over the natural and social systems.