cultivation in the conflict area is associated with less severe conflicts but that gemstone mining and oil and gas in the conflict … production. Interestingly, oil and gas production outside the conflict zones is related to less severe conflicts. Measured at the …

The resource curse literature suggests two stylized facts about oil-producing states (‘petrostates’) that are not … succeed in violently overthrowing a petrostate regime or otherwise forcing regime transition. This is because oil generates … oil inhibits democratization in petrostates, but only in the context of violent domestic conflicts. Peaceful pathways to …

Thomas Friedmann’s “First Law of Petro-Politics” expresses the idea that political freedoms diminish in oil …-producing states in direct proportion to increases in the price of oil; there is a whole petro-lexicon purporting to capture the … dilemma of oil: of the “paradox of plenty,” the “resource curse,” “resource wars,” Dutch Disease and so on. I wish to take on …

has been the role of natural resource revenues, especially oil. Countries as diverse as Angola, Azerbaijan, Chad, Iraq …, Kazakhstan, Nigeria, and Timor-Leste have seen huge rises in military expenditure on the back of rapidly increasing oil revenues … of oil revenues and other economic and security factors from 1975 to 2008. We find some evidence that oil revenues have …

apply to capital-scarce countries: iv) Finance consumption and investment with oil; v) Use a temporary Parking Fund to …

discoveries of oil and gas create tremendous opportunities for stimulating national development. …

This paper studies how monetary policy should optimally respond to an oil discovery.Oil discoveries provide news that …-looking inflation and a recession. To illustrate this I incorporate a government,oil and news into a standard DSGE model of a small open … stagflation in the 1980s after North Sea Oil began production. …

This paper studies the long and short-run relationship between oil exports, non oil GDP and investment in five major … oil exporting countries. Its goal is to verify the effect of natural resources exports on the economic performance. It … analysis is used to estimate the short-run dynamics and shows that the effect of oil exports on those variables depends on …