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owned and the resource extraction rate is chosen by voting. We show that if discount factors are given exogenously, the long …
Persistent link: https://www.econbiz.de/10014194029
Development economists have found evidence that an abundance in natural resources hinders economic growth, contrary to conventional expectations. This finding is called the resource curse hypothesis. The major questions this paper addresses are: does the resource curse hypothesis apply to...
Persistent link: https://www.econbiz.de/10012942596
The paper aims at extending the debate on Environmental Kuznets Curves to the case of non-renewable resources and to discuss the driving forces that might give rise to EKC's in this case. The paper at hand deviates from the standard EKC analysis in two ways: First, mostly EKC's are analyzed for...
Persistent link: https://www.econbiz.de/10003348308
The paper aims at extending the debate on Environmental Kuznets Curves to the case of non-renewable resources and to discuss the driving forces that might give rise to EKC's in this case. The paper at hand deviates from the standard EKC analysis in two ways: First, mostly EKC's are analyzed for...
Persistent link: https://www.econbiz.de/10014056054
We show that the incorporation of offshore entities increases when oil and gas exploration licences are awarded. We exploit leaked data on the incorporation of shell companies and detailed information on tax havens and the awarding rounds of oil licences to construct a new data set covering 119...
Persistent link: https://www.econbiz.de/10012816280
The empirical evidence suggests that the resource rich countries tend to have poor economic perfor- mance and higher rent seeking. In this paper, we develop a general equilibrium model explaining why natural resources turn out to be a curse in an economy divided into two classes: elite and...
Persistent link: https://www.econbiz.de/10012249701
Recent research shows that natural resources can hurt institutions by promoting corruption and diverting resources from the production of public goods. This, in turn, may have implications for the trust individuals hold for their governments. We explore this possibility by linking survey data on...
Persistent link: https://www.econbiz.de/10013361854
This paper considers a model with three overlapping generations of which only the middle one is able to work. There is a trade-off between food and bio-fuel pro- duction. We try to study this trade-off, its influence on economic growth and on resource consumption. The paper should state that...
Persistent link: https://www.econbiz.de/10010357849
Can abundance of natural resources affect legislators' voting behavior over federal tax policies? We construct a … dominant as the main determinant, namely party affiliation, in driving legislators' voting behavior over federal tax policies …
Persistent link: https://www.econbiz.de/10012902860
This paper compares two alternative growth paths, assessing the effects on productivity of specialisation in natural resources (NR) and in technologically advanced products. The empirical analysis exploits product-level export data for 109 developing and 51 developed economies over the period...
Persistent link: https://www.econbiz.de/10013175560