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Endogenous growth in a model with heterogeneous agents and voting on public goods
Borissov, Kirill; Surkov, Alexander - Volkswirtschaftliche Fakultät, … - 2010
. It is assumed that individuals differing in their discount factors vote on the tax rates. We propose a concept of voting …
Persistent link: https://www.econbiz.de/10008764721
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Seven Principles for Managing Resource Wealth
Wills, Samuel - Oxford Centre for the Analysis of Resource-Rich … - 2015
This paper studies how capital-scarce countries should manage volatile resource income. Existing literature recommends that capital-scarce countries invest domestically, but that volatile resource income should be saved in a foreign sovereign wealth fund. I reconcile these by combining a...
Persistent link: https://www.econbiz.de/10011276414
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Seven Principles for Managing Resource Wealth
Wills, Samuel - Department of Economics, Oxford University - 2015
This paper studies how capital-scarce countries should manage volatile resource income.  Existing literature recommends that capital-scarce countries invest domestically, but that volatile resource income should be saved in a foreign sovereign wealth fund.  I reconcile these by combining a...
Persistent link: https://www.econbiz.de/10011164423
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Inter-generational distribution of resources in a model of economic growth: Taking the land vs. food trade-off into account
Voosholz, Frauke - Centrum für angewandte Wirtschaftsforschung, … - 2013
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/10010957040
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The Productivity of U.S. States Since 1880
McLean, Ian W.; Mitchener, Kris James - School of Economics, University of Adelaide - 2001
This study identifies the determinants of interstate variation in labor productivity levels at twenty-year intervals between 1880 and 1980. Focusing on fundamental rather than proximate influences, we find that institutional characteristics, physical geography, and resource abundance can account...
Persistent link: https://www.econbiz.de/10008462867
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Economic Growth and Property Rights on Natural Resources
Borissov, Kirill; Pakhnin, Mikhail - Department of Economics, European University at St. … - 2014
resources. The resource revenue is equally distributed among agents, who choose the resource extraction rate by voting. We … define an intertemporal voting equilibrium and show that it also converges to a balanced-growth equilibrium. The long …-run voting equilibrium extraction rate and the rate of growth are determined by the median discount factor. Our results suggest …
Persistent link: https://www.econbiz.de/10011228003
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Common and private property to exhaustible resources: theoretical implications for economic growth
Borissov, Kirill; Surkov, Alexander - Department of Economics, European University at St. … - 2010
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/10008794566
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Public versus Private Ownership of Exhaustible Resources in Models of Economic Growth with Heterogeneous Consumers
Borissov, Kirill; Surkov, Alexander - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2012
resources are public property and the resource extraction rate is chosen by voting. We show that the long-run rate of growth is …
Persistent link: https://www.econbiz.de/10011124113
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The influence of different production functions on modeling resource extraction and economic growth
Voosholz, Frauke - Centrum für angewandte Wirtschaftsforschung, … - 2014
In this paper we discuss the influence of using different production functions on modeling the resource extraction rates and economic growth. The focus is set on the modeling of the production sector, which requires either non-renewable resources, renewable resources or a combination of both...
Persistent link: https://www.econbiz.de/10010957041
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Natural Resources: Are They Really a Curse?
Cerny, Alexandr; Filer, Randall K. - Center for Economic Research and Graduate Education and … - 2007
The curse of natural resources detected in numerous cross-country growth regressions isquestioned. Although natural resource dependence is associated with slow economic growth, there is no evidence that natural resource abundance per se is negatively related to growth. Thus, the supposed link...
Persistent link: https://www.econbiz.de/10005086671