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Resource wealth and entrepreneurship : a blessing or a curse?
Farzanegan, Mohammad Reza - 2012
investigate the reasons behind such a significant lag of the resource-rich countries in entrepreneurship. Panel data for more than … 80 countries from 2004-2009 shows that higher dependence on resource rents reduces entrepreneurship activities. The … ; entrepreneurship ; panel data …
Persistent link: https://www.econbiz.de/10009534017
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Can oil-rich countries encourage entrepreneurship? : 'yes', 'no' but not 'perhaps'
Farzanegan, Mohammad Reza - 2014
.e., marginalized entrepreneurship activities. Our panel data analysis of 65 countries from 2004 to 2011 shows a negative and … statistically significant association between oil rents dependency and entrepreneurship indicator. This finding is robust to control … of other major drivers of entrepreneurship, unobservable country and time fixed effects and a different measurement of …
Persistent link: https://www.econbiz.de/10010228728
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Natural resource rents, autocracy and economic freedom
Endrikat, Morten - 2021
This paper theoretically and empirically investigates the effect of natural resource rents on the process of economic liberalization and a potential moderating effect of the level of democracy. A simple political-economic model is developed in which the government in an autocratic country faces...
Persistent link: https://www.econbiz.de/10012543604
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How Much Does Natural Resource Extraction Really Diminish National Wealth? The Implications of Discovery
Gelb, Alan - 2012
The paper considers the process of discovery for subsoil resources, including both hard minerals and hydrocarbons and estimates its magnitude in recent years, as derived from the sum of extraction and changes in proven reserves. Spurred on by technology change and strong market conditions,...
Persistent link: https://www.econbiz.de/10013103991
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The Natural Resource Curse and Fiscal Decentralization
Perez‐Sebastian, Fidel - 2015
Natural resource abundance is a blessing for some countries, but a curse for others. We show that differences across countries in the degree of fiscal decentralization can contribute to this divergent outcome. Using a large panel of countries, covering several decades and various fiscal...
Persistent link: https://www.econbiz.de/10013038322
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An Analysis of the Relevance of the Resource Curse to Australia, and Policy Implications
Bucifal, Stanislav; George, Terry; Ahmed, Nur - 2009
This paper and associated presentation explores the economic phenomenon of the so called ‘resource curse’. We begin by defining the phrase and outlining the main individual ‘curses’ and their causes to give the reader a broad understanding of what is meant by the phrase. This is followed...
Persistent link: https://www.econbiz.de/10014202386
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Natural Resources Curse or Blessing? Evidence From a Large Panel Dataset
Hayat, Arshad - 2020
Natural resources are expected to worsen institutional quality, thus slowing economic growth. In this paper, we investigate the link between institutional quality, natural resources, and economic growth. We used a panel data of 117 countries, growth relevant IRCG, institutional quality...
Persistent link: https://www.econbiz.de/10012828643
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Resource Curse or Malthusian Trap? Evidence from Oil Discoveries and Extractions
Cotet Grecu, Anca - 2012
This paper studies the effects of oil rent on development using a unique panel dataset describing worldwide oil discoveries and extractions. First, we revisit the so-called curse of oil, which contends that oil rent hinders economic development. Exploiting cross-country variations in the timing...
Persistent link: https://www.econbiz.de/10013116764
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Leader Behaviour and the Natural Resource Curse
Caselli, Francesco - 2010
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's; total value added. We identify a number of channels through which resource rents will alter the incentives of a political leader....
Persistent link: https://www.econbiz.de/10013150881
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Discount Rate Distortions and the Resource Curse
Hu, Bin - 2016
Empirical evidence has suggested a “resource curse” exists, in which countries with abundant resources may have higher initial consumption but then grow more slowly. The effect appears to be dependent on a country's political structure. Theoretical models not typically accounted for...
Persistent link: https://www.econbiz.de/10012978831