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Natural resource windfalls in nonproducing areas
Ome, Alejandro; Pérez, Javier - 2022
We study the impact of natural resource royalties on educational outcomes in Colombia. We analyze a reform enacted in … 2012 that made the distribution of these royalties more equitable. Before the reform, most royalties were assigned to the … regions where the natural resources were exploited; with the reform non-producing regions started to receive royalties. We …
Persistent link: https://www.econbiz.de/10014518231
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Does the Canadian Economy suffer from Dutch Disease?
Beine, Michel; Bos, Charles S.; Coulombe, Serge - 2009
We argue that the failure to disentangle the evolution of the Canadian currency from the U.S. currency leads to potentially incorrect conclusions regarding the case of Dutch disease in Canada. We propose a new approach that is aimed at extracting both currency components and energy- and...
Persistent link: https://www.econbiz.de/10010325816
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The Case Against JIVE
Davidson, Russell; MacKinnon, James G. - 2004
We perform an extensive series of Monte Carlo experiments to compare the performance of two variants of the "Jackknife Instrumental Variables Estimator," or JIVE, with that of the more familiar 2SLS and LIML estimators. We find no evidence to suggest that JIVE should ever be used. It is always...
Persistent link: https://www.econbiz.de/10011940653
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Identification via completeness for discrete covariates and orthogonal polynomials
Kovchegov, Yevgeniy; Yıldız, Neşe - 2012
We solve a class of identification problems for nonparametric and semiparametric models when the endogenous covariate is discrete with unbounded support. Then we proceed with an approach that resolves a polynomial basis problem for the above class of discrete distributions, and for the...
Persistent link: https://www.econbiz.de/10010500201
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Controlling externalities in the presence of rent seeking
MacKenzie, Ian A. - 2009
Contests are a common method to describe the distribution of many different types of rents. Yet in many of these situations the utilisation of the prize plays an important role in determining agents payoffs and incentives. In this paper, we investigate the incentives to expend effort for a prize...
Persistent link: https://www.econbiz.de/10011753175
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Resource Wealth, Innovation and Growth in the Global Economy
Peretto, Pietro F.; Valente, Simone - 2010
We analyze the relative growth performance of open economies in a two-country model where different endowments of labor and a natural resource generate asymmetric trade. A resource-rich economy trades resource-based intermediates for final manufacturing goods produced by a resource-poor economy....
Persistent link: https://www.econbiz.de/10011753188
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How Substitutable is Natural Capital?
Markandya, Anil; Pedroso, S. - 2005
One of the recurring themes in the sustainability literature has been the legitimacy of using an economic framework to account for natural resources. This paper examines the potential for substituting between different inputs in the generation of income, where the inputs include natural...
Persistent link: https://www.econbiz.de/10010312424
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Spending Natural Resource Revenues in an Altruistic Growth Model
Hermann Frederiksen, Elisabeth - 2006
This paper examines how revenues from a natural resource interact with growth and welfare in an overlapping generations model with altruism. The revenues are allocated between public productive services and direct transfers to members of society by spending policies. We analyze how these...
Persistent link: https://www.econbiz.de/10010320923
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Institutions and the resource curse
Mehlum, Halvor; Moene, Kalle; Torvik, Ragnar - 2002
this theory building on Sachs and Warner.s influential works on the resource curse. Our main hypothesis: that institutions …
Persistent link: https://www.econbiz.de/10010284346
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Complementarity, impatience, and the resilience of natural-dependent economies
Quaas, Martin F.; van Soest, Daan; Baumgärtner, Stefan - 2011
We study how human preferences affect the resilience of economies that depend on more than one type of natural resources. In particular, we analyze whether the degree of substitutability of natural resources in consumer needs may give rise to multiple steady states and path dependence even when...
Persistent link: https://www.econbiz.de/10010286617